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Trump's Social Security Plans Could Slash Benefits by 33% by 2035

Despite pledges to protect Social Security, Trump's proposals may accelerate fund depletion, leading to significant benefit cuts.

  • Analyses indicate Trump's tax cuts and deportation plans could deplete Social Security funds by 2031, three years earlier than current estimates.
  • The Committee for a Responsible Federal Budget warns of a potential 33% reduction in benefits by 2035 without legislative intervention.
  • Trump's proposal to eliminate taxes on Social Security benefits could reduce program revenue by $950 billion over a decade.
  • Experts argue that Trump's plans may disproportionately affect lower-income recipients, who would face the full impact of benefit cuts.
  • Vice President Kamala Harris supports expanding Social Security benefits and has co-sponsored legislation to increase payroll taxes on higher incomes.
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