Former President Donald Trump said America’s senior citizens have been “hit very, very, hard” by inflation brought on by the Biden administration.
The Republican presidential nominee has a plan to help ease the burden on the nation’s elderly population and he took to social media to deliver a promise: “NO TAX on SOCIAL SECURITY BENEFITS.”
“To help seniors on fixed incomes who are suffering the ravages of Comrade Kamala Harris’ inflation nightmare—I’m promising NO TAX on SOCIAL SECURITY BENEFITS!” Trump wrote in a Truth Social post on Monday.
In an accompanying video message, the former president promised to protect Social Security benefits for Americans.
“This cruel, double taxation of Security benefits only came into existence in 1984, and at the time, it only affected a small number of recipients,” Trump said.
“Now, nearly half of all seniors are forced to pay income tax on Social Security and, thanks to inflation under [Vice President Kamala ]Harris, this tax has hit the seniors very, very hard every single year,” he continued.
“With your vote, I will end the injustice. I will always protect Social Security as I did just four years ago,” Trump promised. “Our great senior citizens will be happy and they will be safe. And they will be getting their money from Medicare and Social Security.”
“SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” Trump wrote on Truth Social in July.
He also shared the plan with rallygoers who enthusiastically cheered his remarks.
President Trump in Pennsylvania: “Seniors should not pay taxes on Social Security — and they won’t!” pic.twitter.com/FkhI5StQVw
— MAGA War Room (@MAGAIncWarRoom) August 1, 2024
However, the nonpartisan Committee for a Responsible Federal Budget (CRFB) has warned that Social Security could run out of funds in 2035, and Trump’s plan could move the date even closer.
“Both major party candidates for the presidency having no meaningful plan to save Social Security from insolvency is an egregious example of fiscal irresponsibility,” CRFB President Maya MacGuineas told Fox Business in a statement. “In less than a decade, Social Security will face insolvency, and the automatic benefit cuts that follow will mean the average dual-income couple will have $16,500 less per year than if our nation’s leaders had taken this issue seriously.”
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