Trump’s Social Security trap
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Michael Phelan, Social Security Works Unsubscribe
Dec 26, 2020, 11:37 AM (2 days ago)
Peter,
In the middle of a pandemic that is killing seniors more than anyone else, Donald Trump signed an executive order aimed at raiding Social Security’s dedicated funding. It was a trap.
Trump couldn’t unilaterally take Social Security’s funding, but he could instruct the IRS to stop collecting payments. So everyone who didn’t have Social Security contributions withheld normally will have to pay double in the first 3 months of 2021.
Fortunately, because of our tireless campaigning, very few employers actually stopped withholding Social Security contributions. But Donald Trump made sure that every federal employee was subjected to his scheme―meaning that government employees from military officers to USPS letter carriers will see their paychecks cut in January, just as President-elect Biden is sworn in.
This is exactly the trap we warned about when Trump first proposed his “payroll tax holiday.”
Here’s the good news: Congress passed a fix to spread out the repayments, so that federal workers won’t feel the sting. This plan holds Social Security’s trust fund harmless, and doesn’t penalize the workers who were forced to take part in Trump’s scheme.
Still, Republicans are calling this fix “building on the President's work to delay payroll taxes.” With the COVID package being inadequate, given the size of the crisis, it’s likely that Republicans will again try to raid Social Security’s dedicated funding.
Taking money out of Social Security’s dedicated funding undermines faith in the whole system, and gives an opening to the Wall Street politicians who proposed the TRUST Act to fast-track benefit cuts.
We’re standing on guard for any actions that will undermine our earned benefits. Chip in $7 to make sure Biden doesn’t fall into Trump’s Social Security trap!
Thanks,
Michael Phelan
Social Security Works
H Who We Are
Social Security Works leads the fight every day to expand and protect our Social Security system. Become a member today.
D The Truth About Social Security
From SSW's President, Nancy Altman, this book uses the words of the people who built our Social Security system to debunk myths and reveal the truth about the most popular and successful government program in our nation's history Order your copy today!
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Alex Lawson, Social Security Works
Dec 27, 2020, 11:32 AM (1 day ago)
to me
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Peter,
The last time there was a Democrat in the White House, Republicans loved to sneak Social Security and Medicare cuts into any “must-pass” bills―the more important the better. Whether the bills were designed to avert a government shutdown, raise the debt ceiling, or stop arbitrary expirations like the “fiscal cliff,” hostage-taking was Mitch McConnell’s go-to move.
Now, Donald Trump is refusing to sign the COVID relief bill, which (along with important items like funding for small businesses, extended unemployment, and vaccine distribution) would have fixed the trap Donald set for our Social Security system.
I'm not sure if Trump even knows this is in the relief package, but McConnell sure does, and with a Democrat headed back to the White House, Mitch sees an opportunity! We need to keep organizing our allies on the Hill to ensure that Social Security is protected!
Read Michael’s email below about Donald Trump’s Social Security trap, and chip in to protect Social Security from it!
Thanks,
Alex Lawson
Social Security Works
― MICHAEL’S EMAIL ―
H Who We Are
Social Security Works leads the fight every day to expand and protect our Social Security system. Become a member today.
D The Truth About Social Security
From SSW's President, Nancy Altman, this book uses the words of the people who built our Social Security system to debunk myths and reveal the truth about the most popular and successful government program in our nation's history Order your copy today!
Contact info@socialsecurityworks.org
Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Social Security Works, please click here.
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