Trump & Harris Trade Barbs on Social Security. Who’s Right? - AMAC & The Washington Post
Glenn Kessler starts with, “In every presidential election, Democrats and Republicans lob charges and claims about the venerable old-age programs Social Security and Medicare.” Indeed. Harris is incorrectly stating Project 2025 cuts Social Security. She seems to be using that Heritage Foundation report as a catch all “noose” to tie around Donald Trump’s neck on any issue to gain traction. Trump left Social Security alone in his first term. Trump, for his part, is saying Biden/Harris cuts Medicare. But that is also not so. Social Security is facing insolvency in less than a decade, but apparently all candidates prefer demagoguing the issue to solutions. Full piece here.
As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens (AMAC, Inc.) believes Social Security must be preserved and modernized. This can be achieved without tax increases by slight modifications to cost of living adjustments and payments to high income beneficiaries plus gradually increasing the full (but not early) retirement age. AMAC Action, AMAC’s advocacy arm, supports an increase in the threshold where benefits are taxed and then indexing for inflation, and calls for eliminating the reduction in people’s benefits for those choosing to work before full retirement age. AMAC is resolute in its mission that Social Security be preserved for current and successive generations and has gotten the attention of lawmakers in D.C., meeting with many congressional offices and staff over the past decade.