Trump's Plan to Cut Social Security Taxes Risks Accelerating Program Insolvency

Proposed tax repeal would reduce revenues by $1.5 trillion, potentially leading to significant benefit cuts for millions of Americans.

Tax Policy Center analysis shows the repeal would lower taxes for US households by an average of $550.
Lower-income households would see little to no benefit, while the wealthiest would gain the most.
The proposal could hasten the insolvency of Social Security and Medicare trust funds by several years.
Experts warn that the plan could result in a 25% cut in Social Security benefits by 2032.
Trump's proposal conflicts with his promises to protect Social Security without cuts or changes to retirement age.