Trump 'open' to slashing taxes that fund Social Security and Medicare: report
11 months, 1 week ago

Trump 'open' to slashing taxes that fund Social Security and Medicare: report

Raw Story  

Former President Donald Trump is toying with the idea of promising a large tax cut for the middle class as part of his 2024 re-election campaign — and one way he might do it is to raid the funding for Social Security and Medicare. According to Gram Slattery of Reuters, "Donald Trump has indicated to advisers he is keen on a new middle-class tax cut should he return to the White House, two people familiar with the discussions said, an initiative that could appeal to voters but could also worsen America's yawning budget deficit. Among the ideas that advisers have presented to the former president is a cut to the federal payroll tax, said one of those people, a move that could lower the flow of money into the Social Security and Medicare trust funds and open Trump to criticism from Democrats that he is torpedoing the safety net for elderly Americans." "Other ideas that Trump's close economic advisers are discussing include an increase in the so-called standard deduction on year-end tax returns and a cut to the marginal income tax rate for middle-income households, one of the people with knowledge of those conversations said," the report noted.

History of this topic

Americans think Trump’s cuts will hurt (and help) the country. Here’s how
2 weeks, 2 days ago
'It's a racket': Steve Bannon 'totally opposed' to Trump's tax cuts 'for the rich'
3 weeks, 3 days ago
'You've got to cut stuff like Medicaid!' Maria Bartiromo loses cool with GOP lawmaker
3 weeks, 3 days ago
Trump’s promised laundry list of tax goodies gets a reality check
Trending News
1 month ago
Mike Johnson’s prize for victory on Trump’s budget? A fight over Medicaid
Trending News
1 month ago
Trump’s spending bill may face a big problem: Disgruntled Senate Republicans
1 month ago
Trump’s agenda passed its first hurdle. Now comes the hard part
1 month ago
Trump's 'big, beautiful bill' one step closer to reality as GOP pushes budget resolution – Firstpost
1 month ago
Johnson insists Republicans won’t cut entitlements to pay for Trump’s agenda
1 month ago
Trump and the Republicans are taking your money the old-fashioned way: by stealing it
1 month ago
House Republicans split over Medicaid changes to pay for Trump tax cuts
1 month, 1 week ago
Trump official calls Social Security ‘wrong’ as administration lays groundwork for massive cuts
1 month, 1 week ago
'Pretty drastic': GOP lawmakers urge Trump to scale back cuts hurting their states
1 month, 2 weeks ago
Elon Musk cuts based more on political ideology than real cost savings so far
1 month, 2 weeks ago
How Medicare could be on the chopping block as GOP feuds over Trump's big MAGA bill
1 month, 2 weeks ago
Opinion: Trump wants to extend the 2017 tax cuts. Here’s how that would affect regular Americans
1 month, 3 weeks ago
Trump’s move to put tariff hikes ahead of tax cuts has spooked almost everyone
1 month, 3 weeks ago
House GOP floats plan to slash benefits for the poor to pay for Trump tax cuts
2 months ago
Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it
2 months ago
Economist slams Trump’s latest tax cut demand as 'major strategic error'
2 months ago
A critical look at Trump’s economic plans
2 months ago
Ron Johnson’s crusade for simplicity
2 months ago
How Republicans could pay for Trump agenda and how it could hit your wallet
2 months, 1 week ago
Republicans weigh 'magical thinking' to fund Trump's tax cuts: report
2 months, 1 week ago
Trump allies launch $20M effort to convince working class to back tax plan
2 months, 2 weeks ago
Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion
2 months, 2 weeks ago
Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows
2 months, 2 weeks ago
'Break even more arms': GOP lobbyist not hopeful Trump can ram through tax cut extension
2 months, 3 weeks ago
Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts
2 months, 4 weeks ago
"Please take care of us": Low-income Trump voters worry he'll cut benefits they rely on
3 months ago
'Hit hard': Trump’s budget expected to be especially painful for his supporters
3 months, 2 weeks ago
'Chomping at the bit': Analyst claims Republican just showed rush to slash Social Security
3 months, 3 weeks ago
'Have the stomach': Republican claims Dems need to back Social Security and Medicare cuts
Trending News
3 months, 3 weeks ago
Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
4 months ago
'Headed for a brawl': Trump's plan reportedly 'dividing GOP lawmakers'
4 months ago
Column: Trump pledges not to cut Social Security. Here are the ways he could breach that promise
4 months ago
"No mistake on who they're serving": Republicans eye Medicaid, SNAP cuts to pay for Trump tax plan
Top News
4 months, 1 week ago
MAGA allies eye drastic Medicaid and food stamp cuts to fund tax breaks for rich: report
4 months, 1 week ago
7 ways a Trump administration could affect your finances
4 months, 2 weeks ago
Trump made a lot of tax promises. Can he keep them?
4 months, 2 weeks ago
How a second Trump term could affect Social Security benefits
4 months, 2 weeks ago
Trump claims he’ll fight for working-class Americans. His first presidency suggests he won’t
4 months, 3 weeks ago
Elon Musk Has New Idea For Donald Trump: Giant Budget Cuts
5 months ago
Democrats’ Surprisingly Simple Closing Message Against Donald Trump: The Issues
5 months ago
Experts: Analysis shows Trump proposal would "dramatically worsen Social Security’s finances"
5 months, 1 week ago
Expert: Analysis shows Trump tax plan "taking money" from bottom 95% and "giving it" to richest 5%
5 months, 3 weeks ago
Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds
5 months, 3 weeks ago
Trump dangles tax relief targeted toward the voters he’s hoping to win
6 months, 1 week ago
Trump says he won’t tax your tips, OT or Social Security. Why critics see ‘gimmicks’ and a ‘sham’
6 months, 2 weeks ago
Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report
9 months, 2 weeks ago

Discover Related