October 21, 2024
Statement by Retiree Leader Richard Fiesta on Report that Donald Trump’s Plans Cut $2.3 Trillion from Social Security
The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding today’s Washington Post article about the effects of Donald Trump’s proposals on Social Security’s budget.
“Today a conservative think tank released an alarming report showing that Donald Trump’s tax and budget proposals would cut $2.3 trillion from the Social Security Trust Fund over the next 10 years.
“Donald Trump has talked about his interest in cutting Social Security for years and promises to double down on tax cuts for the wealthiest Americans and corporations. That’s a bad combination for seniors who rely on their earned benefits.
“Older Americans will pay a high price if he is re-elected. Today’s report found that once his policies are enacted all Social Security beneficiaries would face a 33% automatic benefit cut starting in 2035.
“In addition, if Trump’s high tariffs drive inflation higher as economists project, Social Security will have to pay out more in benefits because of automatic cost-of-living adjustments based on the inflation rate.
“Americans paid for and earned their Social Security benefits over a lifetime of work. To ensure Social Security is there for current and future generations, seniors need to elect Kamala Harris and reject Trump’s dangerous schemes.”
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Contact: David Blank, dblank@retiredamericans.org
Well, I’ll be 89 in 2035 so maybe I’ll be dead. My check would go from $833 to $555 at today’s rate. Oh what fun. Thanks Trump.
I voted for Kamala.
The 2024 election results (local and national) are another sad example of voter bigotry causing them to vote against their own self interest.
Tik tok, X , Charlie Kirks Turning Point USA and Musk have hammered false information for years now and the 18-49 yr olds think it’s all true.. Roy Cohn taught Trump and NDA’s by Trump saved him from accountability..He can shoot someone on 5 th Ave …. Russia and China are making deals as we speak with Mafia Fon. He truth socialed that senators who want to be in leadership must not let any Biden judges go through.. if they want the leadership role. A bully, a mafioso is the new guy that thinks he is already President. And Stephen Miller is writing his truth social tweets…,
He plans to spend 88 billion on his mass deportation plan…deporting people who support our nation through contributing to our economy, but plans on cutting social security and healthcare. I voted for Kamala. This wouldn’t have happened if people made an informed decision. Now, you got him, horrible cabinet and all.