top of page

Trump on Social Security

President Trump’s initiative to eliminate the income tax on Social Security benefits is more than just a federal fiscal adjustment,it’s a recognition of the hard work and contributions of Americans. This proposal provides us with some tangible relief, ensuring we retain more of our well-earned income that we paid into. It’s not just a gesture of goodwill, it’s a reaffirmation that Social Security is meant to support, not burden, us who have spent a lifetime paying into the system.

But let's take a broader view. Over the decades, Congress has borrowed (stolen) a great amount from the Social Security Trust Fund, to the tune of approximately $2.8 trillion, effectively using retirees’ contributions to fund their government pet projects. This money should be prioritized for federal payback.

Eliminating the tax on Social Security benefits and paying it back is a step toward restoring trust in the system, ensuring that retirees keep what they were promised without facing additional taxation on funds they contributed in good faith.

This policy not only provides immediate financial benefits for seniors but also sets the stage for a broader conversation about the long-term sustainability of Social Security. It’s a move that prioritizes retirees’ financial well-being while addressing the need for responsible fiscal management. If paired with additional reforms to strengthen the program, this initiative could secure a brighter future for Social Security, ensuring it remains a cornerstone of financial stability for generations to come.



Comments


bottom of page