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CousinIT

(11,298 posts)
Tue Apr 29, 2025, 09:30 AM Tuesday

Trump's backdoor cuts and proposed defunding of Social Security

1. Putting immigrants on the ‘dead’ list. If they can’t work - and they can't without a social security number - that’s money that doesn’t go into the social security system. Huge cut.

2. No taxes on social security - those taxes go INTO THE SOC SEC TRUST FUND (not the treasury), so that’s a huge direct cut.

3. No taxes on tips. Some of those taxes go to Social Security. Removing the taxes is a cut to Social Security.

4. No taxes on overtime. Same as taxes on tips. Removing those taxes is a cut to Social Security.

5. And the last is the biggest: Eliminating income taxes. How is Social Security funded? INCOME TAXES. So that is directly defunding social security.

HE KNOWS HE’S DOING THIS.

He’s not only DESTROYING the Social Security Admin so it cannot function AT ALL and so he and other billionaires can then ROB the trust fund or privatize it — he is ALSO DEFUNDING IT ie: death by many cuts and ultimate defunding.

And he won’t stop UNLESS HE IS STOPPED.

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Trump's backdoor cuts and proposed defunding of Social Security (Original Post) CousinIT Tuesday OP
Social Security is not funded by Rincewind Tuesday #1
That's what I meant, even if I didn't describe it correctly. I'm assuming of course that... CousinIT Tuesday #3
Who knows with trump, but don't think any of the proposals includes eliminating FICA taxes. Silent Type Tuesday #2

Rincewind

(1,306 posts)
1. Social Security is not funded by
Tue Apr 29, 2025, 10:09 AM
Tuesday

income taxes, it is entirely funded by the social security payroll tax.

CousinIT

(11,298 posts)
3. That's what I meant, even if I didn't describe it correctly. I'm assuming of course that...
Tue Apr 29, 2025, 10:53 AM
Tuesday

...if income taxes are eliminated, then that will be gone as well. Idiot has floated this before.

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