The Joe Biden administration has put forward a big financial plan, suggesting a whopping $4.5 trillion in new taxes.
But here’s the hitch: they seem to have forgotten all about Social Security, the money that helps many Americans stay financially stable. CBS News reported this on November 5, and it’s got us worried.
This big oversight raises some major questions about what’s going to happen to this crucial program and the people who depend on it.
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In a recent talk in Congress, they pointed out that despite all the tax ideas, not a single penny is going to help out Social Security.
And here’s the bad part: if we don’t fix this soon, people relying on Social Security might see a 24% cut in their benefits within just nine years.
The big question is, does President Biden know about this looming problem? According to current rules, Social Security is running out of money in nine years, and a 24% cut in benefits for those already getting them is almost a sure thing.
The President says he wants to protect Social Security, but not including money for it in the tax plan makes it a bit confusing.
They say Biden cares about Social Security and is willing to work with Congress, but not having a clear plan to fix this money problem is troubling.
A group of senators from both sides of the aisle has asked to talk to the President about the future of Social Security, especially to stop people who rely on it from falling into poverty because of benefit cuts. But the President hasn’t answered their calls.
Plus, people want to know where the money for Social Security is going, especially when it comes to folks who aren’t U.S. citizens.
We need to see a detailed breakdown of how giving benefits to non-citizens affects Social Security’s finances. It’s about being clear and making smart decisions.
The real issue here is that it seems like no one is doing much to deal with Social Security’s problems.
While politicians talk a lot about their interests, we need to remember that Social Security affects tons of Americans, especially the ones who need it the most.
Leaving Social Security out of the $4.5 trillion tax plans is a reminder that there’s a big gap between what they say and what they do in politics.
Lawmakers and the government should make Social Security a top priority and give the people who depend on it a solid plan for its future.
The fact that they’re proposing $4.5 trillion in taxes without a single dollar to help Social Security is a tough pill to swallow.
It’s about time we start taking Social Security’s future seriously and make real plans to keep the people who rely on it financially secure.
It’s not just about money; it’s also about showing that we care for those who need this important safety net.
