Tag Archives: social security

Warnings of ‘Unconstitutional’ Assault on Social Security as Trump Threatens Unilateral Suspension of Payroll Tax

“Donald Trump is so desperate to defund Social Security, he may rip the Constitution to shreds to make it happen.”

By Jake Johnson, staff writer for Common Dreams. Published 8-5-2020

Photo: White House/flickr

President Donald Trump confirmed Tuesday that he is considering circumventing Congress to unilaterally suspend collection of the payroll tax, a move advocacy groups and lawmakers said would be an “unconstitutional” abuse of power and a destructive attack on Social Security funding.

Trump said during a Covid-19 press briefing that his administration is examining a variety of potential executive orders should Congress fail to reach an agreement on the next stimulus package by the end of the week, a deadline Democratic leaders and the White House set on Tuesday. Continue reading

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GOP Coronavirus Relief Package to Include Romney Bill That Would ‘Fast-Track Social Security and Medicare Cuts’

“They will use every opportunity and every crisis—including the mass death and economic carnage from Covid—as cover for their sick desire to destroy our Social Security system.”

By Jake Johnson, staff writer for Common Dreams. Published 7-24-2020

Photo: Tony Alter/flickr/CC

Shortly after publicly ditching one attack on Social Security—the payroll tax cut—Senate Majority Leader Mitch McConnell confirmed Thursday that the Republican coronavirus relief package will include legislation sponsored by Sen. Mitt Romney that one advocacy group described as an “equally menacing” threat to the New Deal program.

In a speech on the Senate floor, McConnell touted Romney’s TRUST ACT as “a bipartisan bill, co-sponsored by Senate Democrats, to help a future Congress evaluate bipartisan proposals for protecting and strengthening the programs that Americans count on.” Continue reading

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GOP ‘Plot to Gut Social Security Behind Closed Doors’ Gains Steam in Senate Covid-19 Talks

“With seniors most at risk from Covid-19, we need to be increasing Social Security’s modest benefits, not creating secret commissions to cut them.”

By Jake Johnson, staff writer for Common Dreams. Published 5-23-2020

Photo: Tony Alter/flickr/CC

A proposal by Sen. Mitt Romney to establish congressional committees with the specific goal of crafting legislative “solutions” for America’s federal trust fund programs has reportedly resurfaced in GOP talks over the next Covid-19 stimulus package, sparking alarm among progressive advocates who warn the Utah Republican’s bill is nothing but a stealth attack on Social Security and Medicare.

Politico‘s Burgess Everett reported Wednesday that Romney’s TRUST Act, first introduced last October with the backing of a bipartisan group of senators, “is getting a positive reception from Senate Republicans” in coronavirus relief discussions, which are still in their early stages. The legislation, Everett noted, “could become part of the mix” for the next Covid-19 stimulus as Republicans once again claim to be concerned about the growing budget deficit. Continue reading

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Trump Call for Permanent Payroll Tax Cut Is “Code for Gutting Social Security’s Dedicated Funding,” Say Critics

“Nothing to do with helping workers and everything to do with undermining Social Security.”

By Jake Johnson, staff writer for Common Dreams. Published 4-8-2020

Treasury Secretary Steven Mnuchin and President Donald Trump at a Tax reform press briefing October 31, 2017. Screenshot: YouTube

President Donald Trump on Tuesday once again voiced his support for slashing the payroll tax—the primary funding mechanism for Social Security and Medicare—and said he would be calling for such a cut even if the U.S. were not currently in the midst of a nationwide public health and economic emergency.

“I would love to see a payroll tax cut,” Trump, who has repeatedly vowed to “save” Social Security, said at the end of the Coronavirus Task Force briefing Tuesday evening. “I think on behalf of the people it would be quick… There are many people who would like to see it as a permanent tax cut.” Continue reading

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‘Cruelty Is the Point’: Trump Takes Aim at Medicaid With Plan That Could Harm Millions

“The president’s war on healthcare knows no bounds.”

By Jake Johnson, staff writer for Common Dreams. Published 1-24-2020

President Donald Trump speaks during an event on kidney health at the Ronald Reagan Building and International Trade Center on July 10, 2019 in Washington, D.C. Screenshot: YouTube

The Trump administration is reportedly planning to intensify its assault on Medicaid by granting certain states permission to convert federal funding for the program into block grants, a move critics slammed as a cruel and likely illegal attack on vulnerable people.

Politico reported Thursday that the plan, which could be finalized as early as next week, would allow the 37 states that expanded Medicaid under the Affordable Care Act to seek waivers to convert funding into fixed sums that could limit states’ flexibility to increase spending in response to public need. Continue reading

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‘A National Disgrace’: Trump Proposes Social Security Change That Could End Disability Benefits for Hundreds of Thousands

“Donald Trump and his advisers know that this will kill people, and they do not care. Every current and future Social Security beneficiary must band together to defeat this horrific proposal, or else all of our earned benefits will be next.”

By Jake Johnson, staff writer for Common Dreams. Published 12-16-2019

Graphic: Government Accountability Office

Activists are working to raise public awareness and outrage over a little-noticed Trump administration proposal that could strip life-saving disability benefits from hundreds of thousands of people by further complicating the way the Social Security Administration determines who is eligible for payments.

The proposed rule change was first published in the Federal Register last month but has received scarce attention in the national media. Last week, the Social Security Administration extended the public comment period on the proposal until January 31, 2020. Continue reading

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Report Details How Social Security Has Become Rigged for the Wealthy While Leaving Behind Those It Was Designed to Help

“The program’s become less progressive,” said Jim Roosevelt, a former Social Security Administration official and grandson of FDR.

By Jake Johnson, staff writer for Common Dreams. Published 12-3-2019

The benefits of Social Security, a program designed to help vulnerable and low-income people, have since the 1980s become increasingly skewed toward the wealthy due to demographic shifts and soaring inequality, according to a new report.

Proponents of Social Security expansion, responding to the report (pdf) by Boston College’s Center for Retirement Research, said the New Deal-era program’s increasing regressivity was not inevitable, but the result of lawmakers’ refusal to enact basic progressive reforms such as lifting the cap on income subject to the Social Security payroll tax. Continue reading

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Senate Democrats Join GOP to Back ‘Automatic Austerity’ Bill That Would Gut Social Programs, Hamstring Bold Policies

“One priority of a Sanders or Warren White House absolutely must be politically crushing the deficit scolds within the Democratic Party.”

By Jake Johnson, staff writer for Common Dreams. Published 11-14-2019

Sheldon Whitehouse. Screenshot: MSNBC

A handful of Senate Democrats joined forces with Republicans last week to advance sweeping budget legislation that would establish an “automatic deficit-reduction process” that could trigger trillions of dollars in cuts to Medicare, Medicaid, food stamps, and other social programs—and potentially hobble the agenda of the next president.

The Bipartisan Congressional Budget Reform Act (S.2765), authored by Sens. Sheldon Whitehouse (D-R.I.) and Mike Enzi (R-Wyo.), passed out of the Senate Budget Committee on November 6. The legislation is co-sponsored by five members of the Senate Democratic caucus: Whitehouse, Mark Warner (Va.), Tim Kaine (Va.), Chris Coons (Del.), and Angus King (I-Maine). Continue reading

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Joni Ernst Wants to Cut Social Security Behind Closed Doors

Republicans, Democrats and Independents, of all ages, races and genders, overwhelmingly agree. We understand that Social Security is more important than ever. We overwhelmingly reject any cuts to its modest benefits.

By Nancy J. Altman. Published 9-6-2019 by Common Dreams

Congress should address our nation’s looming retirement income crisis by increasing Social Security’s modest benefits. (Photo: Courtesy of AFGE, Flickr | CC 2.0)

Senator Joni Ernst (R-IA) just said out loud what Republican politicians usually only talk about in secret meetings with their billionaire donors: The GOP wants to cut our earned Social Security benefits—and they want to do it behind closed doors so that they don’t have to pay the political price.

At a recent town hall, Ernst stated that Congress needs to “sit down behind closed doors” to “address Social Security.” She vaguely asserted, “A lot of changes need to be made in this system going forward.” But, she complained, if these changes were proposed in public, she would be accused of pushing “granny over a cliff.” It is not hard to figure out what “changes” she has in mind. Continue reading

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Bolstering Call to Expand Social Security, New Reporting Reveals How Corporations Are Offloading Pensions

Not only are pensions being offered less, existing pensions are being transferred to insurers, with employees suffering consequences

By Andrea Germanos, staff writer for Common Dreams. Published 8-7-2019

Economists “warn that rarely, if ever, can people replicate the security of a pension,” said Karen Friedman, executive vice president and policy director of the Pension Rights Center. (Photo: 401kcalculator.org)

New reporting showing companies’ scrapping of pension plans has gone into overdrive means that Social Security must be expanded, an advocacy group said Wednesday.

“Expanding Social Security is important for today’s retirees,” Social Security Works said in a tweet, “but even more important for tomorrow’s.

The shift from traditional pensions to 401(k) or similar retirement plans—a change panned as an inequality-fueling disaster—isn’t new. “But lately,” reported Axios, “those changes are happening even faster.” Continue reading

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