How Trump or Harris would address Social Security's problems
Social Security's combined retirement and disability trust funds are on track to be depleted in 2035, according to the program's trustees. If we reach that point, we will be confronting a drastic across-the-board benefit cut of roughly 17%.
How would the two major-party candidates for president handle the problem?
Neither Democratic candidate Kamala Harris nor Republican candidate Donald Trump has articulated a specific plan for fixing Social Security — but here is what we do know as the U.S. election on Nov. 5 approaches.
TRUMP AND THE REPUBLICANS
Trump has made several campaign proposals that would hasten the insolvency of the two trust funds by three years, according to an analysis by the Committee for a Responsible Federal Budget (CRFB), a bipartisan organization focused on federal fiscal policy. Using a separate projection from the Congressional Budget Office, CRFB calculates that insolvency would arrive much sooner, in 2031.
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