Trump proposals would worsen Social Security finances, budget group says

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A budget watchdog group warned Monday that former President Donald Trump‘s tax proposals could worsen Social Security‘s finances, opening up a new campaign issue in the waning days of the 2024 election.

The nonpartisan Committee for a Responsible Federal Budget, a Washington group that advocates smaller deficits, released an analysis that found Trump’s calls for adding tariffs, deporting illegal immigrants, and ending taxes on Social Security benefits, tips, and overtime could increase Social Security’s 10-year cash shortfall by $2.3 trillion.

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