Trump Just Admitted on Live Television He Will ‘Terminate’ Social Security and Medicare If Re-elected in November

Common Dreams – By John Queally – Saturday August 08, 2020

One progressive critic called the president’s promise “a full-on declaration of war against current and future Social Security beneficiaries.”

President Donald Trump on Saturday afternoon openly vowed to permanently “terminate” the funding mechanism for both Social Security and Medicare if reelected in November—an admission that was seized upon by defenders of the popular safety net programs who have been warning for months that the administration’s threat to suspend the payroll tax in the name of economic relief during the Covid-19 pandemic was really a backdoor sabotage effort.

Announcing and then signing a series of legally dubious executive orders, including an effort to slash the emergency federal unemployment boost by $200 from the $600 previously implemented by Democrats, Trump touted his order for a payroll tax “holiday”—which experts noted would later have to be paid back—but said if he won in November that such a cut would become permanent.

The Trump campaign was apparently so satisfied with the public acknowledgement of the president’s promise to make the payroll tax permanent—a move that would inherently bankrupt the Social Security system—that it clipped the portion of the press conference and shared on social media immediately after it concluded. The president’s critics did as well, though they carried a different message:

Defenders of the program, including the advocacy group Social Security Works, were quick to point out the implication of what the president said and condemned Trump for threatening the program that has kept countless millions of people out of poverty—during retirement years or due to disability—since it was created over 75 years ago.

“We just heard it straight from Trump’s own mouth,” the group responded: “If reelected, he will destroy Social Security.”

Commonly known as the payroll tax, those are taxes paid both by employers and employees—as dictated by the The Federal Insurance Contributions Act (FICA)—that go to pay for both Social Security and Medicare.

Read entire article here

Video source: www.twitter.com

PS Trump is ending taking out money each paycheck for your future Social Security & Medicare benefits. So in essence he’s ending these benefits in the name of an economic stimulus. Nowhere does he mention these payroll taxes are for Social Security & Medicare benefits. Double talk for sure.

Posted by Teri Perticone

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One Response to “Trump Just Admitted on Live Television He Will ‘Terminate’ Social Security and Medicare If Re-elected in November”

  1. Grinder

    “This will have zero impact on Social Security,” Trump told reporters on Sunday before boarding Marine One. “We protect Social Security.”

    #44846
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