Trump proposals would worsen Social Security finances, budget group says
"Neither candidate has presented plans to fix Social Security’s finances," the Committee for a Responsible Federal Budget wrote in its report.
Trump proposals could drain Social Security in 6 years, budget group says
The Committee for a Responsible Federal Budget predicts many of Trump’s policies could hasten the looming depletion of the Social Security Trust Fund.
Report: Trump's plans could force Social Security benefit cuts in 6 years
The Committee for a Responsible Federal Budget says Trump's proposed tariffs, tax cuts and deportation could 'dramatically worsen' Social Security.
Report: Trump’s Economic Proposals Would ‘Dramatically Worsen’ Social Security
The former president’s economic plans would damage the financial health of the popular retirement program, a nonpartisan budget group warns in a new report.
Donald Trump's Social Security Plan Could Lead to Major Cuts, Report Finds
The Social Security Administration is facing a funding cliff that could be accelerated by Trump's economic proposals, a think-tank says.
Trump tax plan would see Social Security benefits cut by 1/3, watchdog says
The Committee for a Responsible Federal Budget said Trump's plans would eventually slash payments to retirees by one-third.
Trump has promised to protect Social Security. His proposals could lead to benefit cuts in 6 years
Former President Donald Trump has long vowed to protect Social Security. But the bevy of tax breaks he’s promised – including pledging to stop taxing Social Security benefits – could hasten the depletion of the beloved entitlement program’s trust funds and leave seniors with smaller monthly payments.
Trump’s plans set Social Security benefits up for 33% cut, watchdog warns
The Committee for a Responsible Federal Budget estimated Trump’s plans for massive deportations, tariffs, and tax cuts would drain the program’s trust fund by 2031 and lead to a 33 percent cut in benefits by 2035 unless Congress steps in to shore up the program.
White House defends economic record after Biden blows $1.8 trillion hole in budget
The White House blamed former President Donald Trump and his administration for the $1.8 trillion deficit the Treasury ...
Santa Rosa Press Democrat3h
Santa Rosa’s budget deficit is triggering cuts. Here’s a snapshot of the reductions, impacts
Santa Rosa’s troubled financial outlook is going to need several rounds of restructuring, according to city officials. Here’s ...
Wausau mayor proposes plan to lower tax levy rate in 2025 budget proposal
WAUSAU, Wis. (WSAW) - In his budget plan for 2025, Wausau Mayor Doug Diny wants to slow down the increasing tax levy rate.
UK public borrowing higher than official forecast in September, in sign of budget pressures – business live
Britain’s government borrowing rose faster than official forecasts expected in September, in a timely reminder of the ...
US election, geopolitics and UK budget fears dent global vacancies, survey shows
Global employers reported a fall in white-collar vacancies in September, a survey showed on Tuesday citing factors including ...
Santa Rosa Press Democrat5h
Santa Rosa council to discuss proposed initial cuts to narrow budget gap
Budget officials have identified $21.2 million in one-time reductions and $8.2 million in ongoing cuts, including vacant ...
Budget 2024: How tax rises by Chancellor Rachel Reeves will hit London firms and Londoners
The Chancellor is seeking to find a reported £40 billion from taxes rises and Whitehall savings in her Budget on October 30 ...
UK borrowing tops official forecasts again as Reeves readies budget
British public borrowing in the first six months of the tax year came in higher than official forecasts, data showed on ...
Seattle’s JumpStart tax revenues are for housing, not balancing budget
The continued reliance on JumpStart to balance the overall city budget is unsustainable and undermines the very purpose for ...
Britain Needs Serious Investment, Not Budget Tinkering
Labour’s credibility will depend less on finding “fiscal headroom” than on setting out a serious investment strategy.
Budget 2024 latest: Angela Rayner ‘handed £1bn budget boost for housing revolution’
Housing secretary Angela Rayner is planning to double the number of council homes after receiving a boost in the budget, ...