Surprise! Republicans Just Introduced a Bill That Would Completely Reform Social Security -- The Motley Fool

Although it was a largely overlooked issue during the 2016 elections, President-elect Donald Trump was pretty clear during his campaign that he planned to leave Social Security alone.

Trump's belief is that America has a pledge to honor in paying retired workers, and it would continue to honor that pledge for years and generations to come. Rather than adjusting specific components of Social Security, Trump aims to grow the economy at a faster pace through a mix of individual and corporate tax cuts, renegotiated trade deals, and domestic infrastructure spending. The idea is that if the U.S. economy is growing faster, workers will be generating more income, yielding higher payroll tax revenue collection, and buoying the program.

The big hoopla over the future of Social Security is that if nothing is done to boost revenue, cut benefits, or enact some combination of the two, the Social Security Board of Trustees has forecast that the program will have exhausted its more than $2.8 trillion in spare cash by the year 2034. Should this happen, across-the-board benefit cuts of up to 21% may be needed to sustain payouts through 2090. Thus, Trump's hands-off proposal on Social Security, while not a defining fix, gave solace to some retirees and pre-retirees that -- for now at least -- their benefits wouldn't be altered. 

Surprise! Republicans introduced a bill to drastically change Social Security...
https://www.fool.com/retirement/2016/12/17/surprise-republicans-just-introduced-a-bill-that-w.aspx