Tag: Social security benefit cuts
![Senior man reading newspaper](https://crr.bc.edu/wp-content/uploads/2023/01/AdobeStock_383188411-1536x1024.jpeg)
Improving benefits for the low paid is a noble goal, but all but the very wealthy need the benefits in current law. Why in the world would Republicans put out a plan to dramatically cut Social Security? Even Donald Trump said he wouldn’t mess with the program’s benefits. Yet, the Republican Study Committee’s Blueprint to Sav…
![Male businessman stands at the base of a mountain and looking to the top where some coins lay](https://crr.bc.edu/wp-content/uploads/2017/08/Male-businessman-stands-at-the-base-of-a-mountain-and-looking-to-the-top-where-some-coins-lay-1-1536x1021.jpeg)
75-year deficit remains, exhaustion of trust fund isn’t far away. The 2017 Social Security Trustees Report repeats the drumbeat that the program faces a deficit equal to 2.83 percent of payroll over the next 75 years and that its trust fund is scheduled for exhaustion in the early 2030s. The 75-year deficit is t…