Committee to Unleash Prosperity co-founder Steve Moore discusses how President Donald Trump wants the federal government to sell $5 million ‘Gold Cards’ for U.S. residency on ‘The Bottom Line.’
A new report warns that a side effect of the Trump administration’s push to crack down on illegal immigration could further weaken Social Security’s finances and speed up its insolvency.
Social Security’s main trust funds, when considered together, are on pace to be depleted in 2034, according to a recent analysis by Social Security’s trustees. Once the trust funds are tapped out, an automatic benefit cut of 19% would occur once the program’s ability to augment payroll tax collections with trust funds is no longer viable.