As Social Security's trust funds face nearing depletion dates, here's what the vice presidential picks for 2024 have said about the program's future.
As Social Security 's trust funds face nearing depletion dates, leaders in the White House may be poised to influence reform efforts.Trump's pick for Vice President, U.S. Sen. J.D. Vance arrives on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin., at which point 83% of benefits will be payable, the program's trustees projected earlier this year.
Some experts have expressed reservations about what Vance as VP could mean for Social Security and Medicare. "And then the next day, he'll say, 'Well, that's not what I what I was talking about,' and Vance is kind of cut from the same mold," Richtman said.In recent years, Vance has said he does not support cuts to Social Security or Medicare, according to press interviews sent by his Senate team
As part of the White House administration, Harris has supported those plans. As a senator for California, she also backed a plan for similar reforms called theWhile Democrats have called for requiring the wealthy to pay more into the program while expanding benefits, Republicans have opposed tax hikes.
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