Trump May Well Bring Social Security To A Screeching Halt
By Nancy Altman CNN (9/3/20) Donald Trump once claimed that he could shoot someone in the middle of Fifth Avenue in New York City and not lose any voters. He’s now seeing whether the same is true if he kills Social Security. His unilateral, unprecedented step of deferring the collection of payroll taxes, the backbone of Social Security, is the murder weapon he would use. Trump has already ordered the Treasury Department to stop collecting Social Security’s dedicated payroll contributions for the next four months pursuant to the Internal Revenue Code, which permits deferrals of taxes when a disaster is declared. Once re-elected, if he…
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