All posts tagged "Social Security Benefits"

Former President Donald Trump is toying with the idea of promising a large tax cut for the middle class as part of his 2024 re-election campaign — and one way he might do it is to raid the funding for Social Security and Medicare.

According to Gram Slattery of Reuters, "Donald Trump has indicated to advisers he is keen on a new middle-class tax cut should he return to the White House, two people familiar with the discussions said, an initiative that could appeal to voters but could also worsen America's yawning budget deficit. Among the ideas that advisers have presented to the former president is a cut to the federal payroll tax, said one of those people, a move that could lower the flow of money into the Social Security and Medicare trust funds and open Trump to criticism from Democrats that he is torpedoing the safety net for elderly Americans."

Trump has not settled on the idea of cutting the money from payroll taxes, noted the report — however, "he is open to the idea."...

Stephen Colbert adopted the persona of a senior citizen on Monday to highlight Rep. Donna Edwards' (D-MD) disagreement with President Barack Obama on whether to cut Social Security benefits.

Texas Republican Gov. Rick Perry said Saturday that he still believes in the views put forth in his book Fed Up!: Our Fight to Save America from Washington, despite attempts from his presidential campaign to distance itself from the 9-month-old book.

Rick Perry’s campaign has tried to distance itself from Perry's 9-month-old book Fed Up!: Our Fight to Save America from Washington for the second time since last week.

Texas Gov. Rick Perry (R) has disavowed views put forward in his book Fed Up!: Our Fight to Save America from Washington just one week into his presidential campaign and only 9 months after it was first published in November 2010.

New congressional estimates show that the account that Social Security disability checks are drawn from will be insolvent by 2017 without intervention, the Associated Press reported.