Trump, Social Security and seniors
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WASHINGTON — President Trump said Thursday that 275,000 illegal immigrants have been purged from the Social Security rolls on his watch. “To protect our benefits, we’ve already kicked nearly 275,000 illegal aliens off of the Social Security system,” Trump said in the Oval Office with Social Security Commissioner Frank Bisignano looking on.
President Donald Trump signed a proclamation Thursday honoring the 90th anniversary of the Social Security Act of 1935. Before doing so, he touted what he sees as the keeping of his promise to preserve and protect the program and to lower taxes for seniors who receive Social Security benefits.
The Trump administration’s announcement this week that it would rescind the security clearances of 37 current and former national security officials was hardly an isolated act.
Unfortunately, Trump’s mega bill does exactly the opposite. It does absolutely nothing to address Social Security’s looming insolvency in 2035, and instead would suck $1.6 trillion out of its trust fund over the next decade, hastening its insolvency by two years, according to the nonpartisan Tax Foundation.
By Jack Phillips Contributing Writer The Social Security Administration will not phase out the sending of paper benefit checks to all recipients by Sept. 30, a spokesperson confirmed. In a statement
The US president says Russia's Vladimir Putin would face a "rough situation" if he doesn't co-operate in the peace process.
Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement program.
Cutting federal taxes on Social Security benefits gives immediate relief to retirees—but experts warn it could trigger benefit cuts for future generations.