Trump’s Agenda Would Lead to Big Social Security Cuts

“Donald Trump’s campaign pledges would hasten the insolvency of the Social Security trust fund and lead to a 33% across-the-board cut to all benefits, according to a new analysis from the nonpartisan Committee for a Responsible Federal Budget,” CBS News reports.

Bloomberg: “The group cited Trump’s proposals to deport unauthorized immigrants who now pay into Social Security, end taxes on overtime and tips, and end taxation of Social Security benefits. All would shrink revenue for the trust fund, they said. And they said his proposals for large new tariffs would either increase inflation and cost-of-living adjustments or reduce taxable payroll.”

Axios: How Trump could make Social Security’s fiscal outlook gloomier.