Things Jack Ciattarelli Supports: Trump’s “24% Cut” to Social Security That Would “Double the Poverty Rate of America’s Seniors”
Things Jack Ciattarelli Supports: Trump’s “24% Cut” to Social Security That Would “Double the Poverty Rate of America’s Seniors”
Ciattarelli on “if he disagrees with Trump on anything” – “I do not.”
TRENTON, NJ – A good question from Politico’s Matt Friedman this morning:
“Has Ciattarelli found anything on which he disagrees with Trump yet?”
The answer to that, of course, is no – especially not regarding the GOP price hike bill Ciattarelli loves, and said he’d have harassed every member of the NJ delegation to vote for.
But if you or a loved one relies on Social Security, you might disagree with Trump and Ciattarelli. Axios last week explained why: “Retirees are facing the prospect of substantial Social Security cuts in just seven years, sooner than projected, due to the ‘big, beautiful bill…’ [A] new analysis projects a 24% cut to benefits by late 2032. That's equal to an $18,000 annual benefit cut.”
Kicking more than 400,000 New Jerseyans off their health care. Cutting Social Security by 24%. That’s what Trump supports. That’s what Ciattarelli supports. New Jersey voters, not so much.
Axios: Social Security recipients set to face an $18,000 benefit cut in just seven years
By Emily Peck
Retirees are facing the prospect of substantial Social Security cuts in just seven years, sooner than projected, due to the "big, beautiful bill," per an analysis out Thursday from the Committee for a Responsible Federal Budget.
Why it matters: If policymakers don't stop this from happening, it would at least double the poverty rate of America's seniors, per several estimates.
By the numbers: The new analysis projects a 24% cut to benefits by late 2032. That's equal to an $18,000 annual benefit cut for a dual-earning couple who both retire in 2033.
The big picture: Social Security is arguably the most popular government benefit — most Americans either receive benefits or know someone who does — the vast majority of Americans believe in its importance, according to recent polling.