Story perspectives
Trump's Bill Threatens Social Security Cuts by 2033
8/18/2025
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Story summary
- Trump's proposed bill may lead to accelerated cuts in Social Security benefits, with the OASI trust fund projected to deplete by 2033.
- Tax reductions in the bill could increase costs by $168.6 billion from 2025 to 2034, negatively impacting the program's finances.
- Demographic changes, particularly the retirement of baby boomers, further exacerbate funding issues for Social Security.
