Liberal Forum

jerrab » 15 minutes ago » wrote: ↑

15 minutes ago

trump knows you are cold hearted and don't care about poor people but what he does not tell you how this bill would affect everyone but millionaires.

he leaves this part out
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Analysis of Trump's Bill and Its Impact on Social SecurityTo determine whether Trump's bill will bankrupt Social Security, we need to examine the provisions of the bill and their potential effects on Social Security's finances.The bill in question is a comprehensive package that includes tax cuts, changes to the government's social safety net, and new Washington spending [1]. One of the key aspects of the bill is its impact on Social Security.According to an analysis by the Committee for a Responsible Federal Budget (CRFB), President Trump's campaign proposals, including those in the bill, would worsen Social Security's finances [3]. Specifically, the CRFB found that Trump's proposals would increase Social Security's ten-year cash shortfall by $2.3 trillion through FY 2035 and advance insolvency by three years, from FY 2034 to FY 2031 [3].The CRFB analysis highlights several provisions in Trump's proposals that would negatively impact Social Security's finances. These include eliminating taxation of Social Security benefits, ending taxes on tips and overtime, imposing tariffs, and expanding deportations [3].The Congressional Budget Office (CBO) projects that the Social Security trust funds will be insolvent by FY 2034, at which point benefits will be cut by 23% [3]. Trump's proposals would hasten this insolvency, potentially leading to even more severe benefit cuts.ConclusionThe bill will likely have a negative impact on Social Security's finances and may hasten its insolvency. The CRFB's analysis suggests that Trump's proposals would increase Social Security's cash shortfall and accelerate the depletion of its trust funds.

trump knows you are cold hearted and don't care about poor people but what he does not tell you how this bill would affect everyone but millionaires.