Newsweek on Nostr: Donald Trump's Social Security Plan Could Backfire: Economist ========== Donald ...

Donald Trump's Social Security Plan Could Backfire: Economist
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Donald Trump's plan to remove taxes on Social Security benefits could make the program insolvent; U.S. economy expert Veronique de Rugy warns that reducing Social Security taxes without reforming the program's benefits would cause more problems; About 40% of Social Security recipients currently pay federal income taxes on their benefits; Major shortfalls in the program may lead to insolvency by 2033; Removing taxes on Social Security income would be unfair and worsen income inequality; De Rugy criticizes the proposal as a way for politicians to reward voters; Experts believe Congress should have reformed the program more fundamentally in 1983; Trump's plan is part of his campaign for a second term in the White House against Vice President Kamala Harris

#DonaldTrump #SocialSecurity #Taxes #Insolvency #Benefits #IncomeInequality #Reform #Election

https://www.newsweek.com/donald-trump-social-security-plan-could-backfire-economist-1936299