Donald Trump reiterated his claim over the weekend: If re-elected, he will move to cut off Social Security’s funding permanently.

Mitch McConnell supports this. Why? Because it creates a crisis, helping Mitch McConnell invoke the TRUST Act, a plan to fast-track cuts to Social Security and Medicare, that he introduced in his COVID-19 response bill.

Removing ALL of Social Security’s dedicated revenue, as Donald Trump proposes, would force Social Security to exhaust its $2.9 trillion trust fund in 2023. At that point, instead of being able to pay out 80% of promised benefits, Social Security would be utterly exhausted.

They can’t make it any clearer: Trump and McConnell represent an existential threat to our Social Security system. Social Security Works is making that case to the public. Chip in $7 today!

If he gets a second term, Trump would be fully unshackled from public accountability. He could foment a crisis in Social Security by doing exactly what he’s just done―instructing the IRS to stop collecting the payments into Social Security that workers are making with every paycheck.

At that point, he would have extreme leverage―we have long held that the payroll tax makes it so that as long as workers are contributing through FICA, there is only so much that benefits could be cut. But with Social Security’s dedicated revenue gone, Trump could force a choice between massive benefits cuts or the total destruction of Social Security. And the TRUST Act gives him the vehicle to ram that through over even a united Democratic opposition.

We’re fighting back―driving thousands of calls in to Senators who can stand against Trump’s scheme.

But the #1 thing we can do is make sure that every voter―especially older voters―knows exactly the threat to Social Security that Trump and McConnell represent. Chip in $7 to save Social Security from Donald Trump and Mitch McConnell!

President Franklin Roosevelt famously said, when Social Security’s funding was being decided:

We put those pay roll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program.

Donald Trump and Mitch McConnell are taking away our legal, moral, and political rights as Americans. We’re going to make sure that seniors don’t forget.

Thanks,

Michael Phelan
Social Security Works