ANALYSIS: Where 2024 Presidential Candidates Stand on Social Security

The Epoch Times Header

Unless changes are made to save the program, an estimated 66 million recipients of Social Security will see those benefits get cut by 23-25 percent.

The Social Security Administration announced in March that the taxpayer-funded trust will run dry by 2033.

According to the annual report released by the Social Security Board of Trustees in March, around 66 million people were receiving monthly Social Security benefits, funded by an estimated 181 million workers who pumped $1,107 billion into the trust fund through their payroll taxes by the end of 2022. However, the money being paid out of the fund is 80 percent higher than the revenues coming in.

In 2023, employees contributed 6.2 percent of their earnings up to a maximum of $160,200. Their employer matches those funds. Those who are self-employed contribute both shares or 12.4 percent. Over 40 percent of Social Security recipients currently pay income taxes on a portion of their benefits, which in turn go to the OASDI trust funds as well as Medicareโ€™s Hospital Insurance Trust Fund.

Unless changes are made to save the program, an estimated 66 million on Social Security will see those benefits get sliced by 23-25 percent.

Here’s what you should know regarding the positions held by some of the 2024 presidential candidates when it comes to Social Security including Joe Biden, Donald Trump, Ron DeSantis, Nikki Haley and Robert F. Kennedy Jr..

Byย Patricia Tolson

Read Full Article on TheEpochTimes.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

The Looming Threat To Our Homeland

After success of โ€œOperation Midnight Hammer,โ€ where U.S. military bombed Iranian nuclear facilities, the threat to America has never been greater.

Groundhog Day came late this year to the Land of Smiles.

itโ€™s the same rigmarole, on whatever pretext, the army commandeers the Thai state with vague promises to restore democracy at some unspecified future date.

Resource number one

Russia has an unsustainable birthrate worsened by mortality rate of Russian males through war and alcoholism. One solution, steal young children from other countries.ย 

Expansionist CCP Runs Amok in Pacific After U.S. Relocates Naval Assets to Mid-East

Caveat established, Chinaโ€™s been going bananas on the high seas as the eyes of the world, and U.S. military assets, hone in on Iran.

The Anti-Trump Protests โ€“ Why Are They So Important?

The anti-Trump stance is not a political position, but a desperate gesture, a mental diagnosis of those who refuse to accept the reality of the World today.

Mawson study using Florida Medicaid data again confirms childhood vaccines are likely responsible for nearly 80% of the autism cases in US

Mawson study using Florida Medicaid data again confirms childhood vaccines are likely responsible for nearly 80% of the autism cases in US.

Abbott Signs Bill Into Law Requiring Ten Commandments in Public School Classrooms

Texas Gov. Greg Abbott announced he signed a bill into law, that would require all public school classrooms in his state to display the Ten Commandments.

Supreme Court Limits Factors Courts May Consider When Revoking Supervised Release

On June 20, the Supreme Court voted 7โ€“2 to limit the factors that judges are allowed to consider when revoking supervised release.

Reports: B-2 Stealth Bombers Depart United States, Heading West

Reports indicate multiple U.S. Air Force B-2 Spirit stealth bombers departed Whiteman Air Force Base, MS, overnight on June 20 and June 21, heading west.

No Changes Planned for FDAโ€™s Vaccine Advisory Committee โ€˜At This Timeโ€™: Spokesperson

There are no plans to remove any members of the panel that advises the FDA on vaccines, a spokesperson said on June 20.

Trump Says Trade Deals Expected With India and Pakistan

President Trump expects US will sign trade deals with India and Pakistan, signaling growing momentum in push to reshape global trade through tariff diplomacy.

Trump Says US Intelligence Communityโ€™s Assessment of Iranโ€™s Nuclear Program โ€˜Was Wrongโ€™

President Trump said his director of national intelligenceโ€™s assessment in March that Iran had yet to decide on building a nuclear weapon was wrong.

NIH Ends Gain-of-Function Research, Implementing Trumpโ€™s Executive Order

The NIH announced the end of gain-of-function research. The instituteโ€™s update said the move is in compliance with President Trumpโ€™s EO on the topic.ย 
spot_img

Related Articles