[Newsweek] President Donald Trump says that if he wins a second term, he intends to eliminate the payroll taxes which fund Social Security, leaving it to Congress budget funds for the program each year. Democratic nominee Joe Biden, if elected, has plans for one of the biggest Social Security benefit expansions in decades. Trump’s plan …
Social Security Helps Reduce Inequality for Adult Children of Beneficiaries
It’s not unusual for workers who grew up in lower-income households to help their parents out financially. Image via Flickr Creative Commons: https://flic.kr/p/5F8Uqa But a new study uncovers a twist in this familiar story: once the parents are old enough to collect Social Security, the money flowing from adult child to parent slows down. And …
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Voters Overwhelmingly Oppose Trump’s Plan to Defund Social Security
Via Data For Progress | Donald Trump has promised that, if reelected, he will “terminate” payroll contributions, Social Security’s dedicated revenue. New, powerful polling by Data for Progress reveals that this promise is incredibly unpopular – even among Republicans. To be clear, Trump says he will end “payroll taxes.” Though commonly used, the phrase “payroll …
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Social Security Works - Washington 