Yesterday, Donald Trump issued an executive order deferring payroll taxes, which fund Social Security and Medicare. Trump also vowed to make permanent cuts to the payroll taxes that fund Social Security, a critical lifeline that helps nearly 640,000 Nevadans make ends meet.
Nevada State Democratic Party spokesperson Madison Mundy released the following statement:
“Time and again, Donald Trump has thrown America’s seniors to the wolves, from undermining Medicare to letting the coronavirus rip through nursing homes. Now, as the coronavirus outbreak continues to hit older Nevadans hard, Trump is exploiting a public health crisis to drain funding from Social Security and leave seniors to fend for themselves. Older Americans deserve better than Trump’s out-of-touch and disastrous leadership. Now more than ever, we need leaders who will fight to protect our family members and loved ones, and that leader is Joe Biden.”
BACKGROUND ON TRUMP’S BROKEN PROMISES TO OLDER AMERICANS
Promise: Trump promised his administration was taking “unprecedented steps” to protect America’s seniors from the coronavirus. [Trump, 4/30/20]
Reality: Trump’s failure to implement a national testing strategy to control the coronavirus outbreak has devastated older Americans. Eight out of ten COVID-19-related deaths reported in the United States have been among adults aged 65 years and older.
Reality: Now, Trump pledged to make permanent cuts to the payroll taxes that fund Social Security, a critical lifeline for nearly 640,000 Nevadans who rely on it to make ends meet.
Reality: America’s seniors are more vulnerable than ever. Even before the virus, American households over the age of 55 had no retirement savings, and the pandemic has only exacerbated older Americans’ financial insecurity.