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Avalon

Former president Donald Trump's campaign pledges would hasten the insolvency of the Social Security trust fund and lead to a 33% across-the-board cut to all benefits, according to a new analysis from the nonpartisan Committee for a Responsible Federal Budget (CRFB). The group's report, released Monday, is based on Trump's vow to eliminate income taxes on Social Security benefits, overtime pay and tipped income, as well as his proposal to slap tariffs on all imports and deport millions of immigrants, most of whom currently pay Social Security taxes. Trust fund would become insolvent in 2031

1 year ago Share

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