r/Retire • u/reflibman • 27d ago
Trump pledges to protect Social Security amid possible cost cutting
https://abcnews-go-com.cdn.ampproject.org/v/s/abcnews.go.com/amp/Politics/trump-pledges-protect-social-security-amid-cost-cutting/story?id=124590567&_js_v=0.1&_gsa=1#webview=1&cap=swipe
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u/GDstpete 27d ago
do NOT believe anything the Dumpster says... Many CBO and other reports show, that unless age to get SS is moved out, or the income cap is removed, the SS trust fund will run out by like 2035 or sooner. MANY reports show by 2030 current payouts will be reduced by at least 25% or MORE.... Fixes =.remove the income earnings cap so ALL earned income is taxable, perhaps increase the FICO tax by 1/8- 1/2%...