Tell Congress: Stop Trump from privatizing Social Security

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Donald Trump just told reporters he wanted Social Security “fully invested in the stock market.”

Trump said he wanted to do it during his first term and blamed “tremendous criticism from the Democrats and some Republicans” for stopping him. “I wanted to do it so badly,” he said. And his latest remarks make it clear he still does.

That should alarm everyone. More than 71 million Americans rely on Social Security because it is a guaranteed benefit they earned, not a bet on the market. Privatization would expose retirees to stock market crashes and put the people who can least afford a loss at risk.

Tell Congress: Don't let Trump privatize Social Security. Take privatization off the table now, and make it stronger by making the wealthy pay their fair share.

Add Your Name

Social Security’s retirement trust fund is projected to run short in 2032, which would mean a 22 percent benefit cut unless Congress acts.

But there is a real fix. Right now, income above $184,500 isn’t subject to Social Security tax, so the wealthiest stop paying in while a nurse or a teacher pays on every dollar they earn.

And Republican Senator Bernie Moreno and Democratic Senator Elizabeth Warren say they are already “working together on legislation to remove the cap on Social Security taxes.”

Republicans still control both the House and the Senate, and Senate Majority Leader John Thune and Speaker Mike Johnson decide what reaches the floor. Voters go to the polls on November 3, but Congress doesn’t change hands until January, and there is no telling what Republicans could try during the lame-duck session in between.

Add your name now to tell Congress to reject privatization and strengthen Social Security for everyone who has paid into it, before the lame-duck session.

Thanks for everything you do.

The Juggernaut Project