There have been a lot of strong emotions regarding this year’s presidential election. Whether or not you’re happy about it, there’s no refuting the fact that Donald Trump will be the next president of the United States. So regardless of your personal politics, it’s a good idea to know how the president stands on issues that are relevant to your life. For instance, what exactly is Mr. Trump’s plan for Social Security?
Donald Trump’s plan at this point is basically two-fold:
- Create jobs to pay into Social Security.
- Eliminate the “waste” from Social Security.
He believes that in order to save the Social Security program, the economy needs to be reinvigorated first. He says, “the key to preserving social security is to have an economy that is robust and growing.” This is where creating jobs comes into play. The idea is that if there are more jobs, then more people will be paying into social security. If there is more money in social security, then more people can receive the benefits they need.
When Trump talks about eliminating waste from Social Security, this refers to eliminating fraudulent claims from the system. For instance, people who have passed away, but whose families are still collecting their social security benefits. If there are fewer people pulling money from the system, then there is more money to go around to those who need it.
During one of the Republican Primary debates, Trump had mentioned being okay with the idea of limits being placed on social security based on income. Therefore, billionaires, and those who make so much money they do not need social security benefits, would not be pulling money from the system. However, Trump has not mentioned this idea again since the Primary.
If you have any legal questions about your Social Security benefits, be sure to contact an experienced attorney who can help.
