3 Ways Trump Has Proposed Cutting Social Security

3 Ways Trump Has Proposed Cutting Social Security

Since 1985, the annually released Social Security Board of Trustees report has cautioned that the program's long-term (75-year) outlays wouldn't cover projected revenue collection. As of 2020, Social Security's unfunded obligations through 2094 had ballooned to a whopping $16.8 trillion. Without intervention from Capitol Hill, retired workers could face sweeping benefit cuts of up to 24%, beginning in 2035.