Trump proposals would worsen Social Security finances, budget group says

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Trump proposals would worsen Social Security finances, budget group says
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that found Trump’s calls for adding tariffs, deporting illegal immigrants, and ending taxes on Social Security benefits, tips, and overtime could increase Social Security’s 10-year cash shortfall by $2.3 trillion.

“Upon insolvency, the law calls for limiting Social Security spending to its revenue stream,” the analysis reads, “which we’ve previously estimated would mean a $16,500 cut in annual benefits for a typical dual-income couple retiring in 2033.” CRFB has not released a detailed breakdown on Harris’s policies, but the organization said it would not have a large impact on the Social Security trust fund’s current trajectory.

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