Friday, August 14, 2020

Column: Trump tax deferral poses a bigger threat to Social Security than you might think - Reuters

"What Trump has shown is that he believes he has the authority and to decide when FICA contributions are due," she said. "One option for him, if he is re-elected, is to say that the pandemic has us in such bad economic straits that he will defer FICA collections until 2024. That would drain the Social Security trust fund to zero in about two years - at which point he has all the leverage."

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