“President Trump’s repeated insistence on a payroll tax cut via his latest Executive Order, will not only undermine the funding streams for Social Security and Medicare, it creates a high-risk environment for programs that have been the target of fiscal conservatives for decades.
Payroll tax cuts are an ineffective means of economic stimulus and provide zero relief to the millions of unemployed. Most importantly, payroll tax cuts interfere with the revenue flowing to Social Security and Medicare, programs which workers will be even more dependent on in their future retirement years. Make no mistake: payroll tax cuts are the first step in dismantling Americans’ earned benefits.
The President promised not to touch Social Security and Medicare. This Executive Order breaches that promise and puts Americans on notice that his real intention is to put their earned Social Security and Medicare benefits on the chopping block, essentially trading the nation’s finest safety net programs for votes.” – Max Richtman, President and CEO of the National Committee to Preserve Social Security and Medicare
The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.
Media Inquiries to:
Pamela Causey 202-236-2123
Brad Wright 802-279-5679