Former President Donald Trump's campaign proposals would accelerate Social Security's insolvency timeline to six years, according to US Budget Watch 2024. Trump's agenda could boost the program’s 10-year shortfall by over $2 trillion, leading to a 33% benefit cut by 2035. Trump's proposals include eliminating taxes on seniors' Social Security benefits, removing taxes on tips and overtime wages, lowering the corporate tax rate, and implementing broad import tariffs.
