Social Security, Trump and seniors
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President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago this week, aiming to provide economic stability for older Americans.
The Social Security Act was signed into law in August 1935 by President Franklin D. Roosevelt and has been a cornerstone of retirement for millions of Americans. Social Security just hit its 90th birthday.
Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement program.
Republicans and Democrats have failed Social Security, and benefits Americans receive could be slashed in as little as 7 years if lawmakers don't act.
President Donald Trump signed a proclamation Thursday honoring the 90th anniversary of the Social Security Act of 1935. Before doing so, he touted what he sees as the keeping of his promise to preserve and protect the program and to lower taxes for seniors who receive Social Security benefits.
The Trump administration’s announcement this week that it would rescind the security clearances of 37 current and former national security officials was hardly an isolated act.
Today, an overwhelming majority of Americans across party and demographic lines oppose the idea of cutting Social Security benefits.
As the crunch point sits less than a decade away, three distinct approaches to shore up Social Security funding have been tabled by lawmakers.