Donald Trump Is Using the Coronavirus Crisis to Attack Social Security

~~~~~~~~~~~~~(((( T h e B u l l e t ))))~~~~~~~~~~~~~~
A Socialist Project e-bulletin ... No. 2020 ... March 13, 2020
_______________________________________________

Donald Trump Is Using the Coronavirus Crisis to Attack Social Security

Nancy J. Altman

Donald Trump’s proposal to cut the payroll contribution rate is a stealth attack on Social Security. Even if the proposal were to replace Social Security’s dedicated revenue with deficit-funded general revenue, the proposal would undermine this vital program.

The proposal is a Trojan horse. It appears to be a gift, in the form of middle-class tax relief, but would, in the long run, lead to the destruction of working Americans’ fundamental economic security. While the goal of the proposal is stated in terms of fiscal stimulus, its most important impact, if not its intent, is to do what opponents of Social Security have been unable to do -- end Social Security as we know it.

The supposed purpose of a reduction in payroll contributions is to address the coronavirus crisis. Tax cuts do not meaningfully address the coronavirus, or even the resulting market panic. We do want to ensure that people have the cash they need while they face... massive uncertainties around employment and other costs. We want people to stay home as much as needed without having to worry about paying their rent or other costs. What we need most is a robust public health response, which the Trump administration is utterly failing to provide.

Continue reading

Share on Facebook

Follow us onr0

Forward to a friend: this link

r39
powered by phpList

Login Form