{"id":30095,"date":"2020-08-11T20:32:23","date_gmt":"2020-08-12T01:32:23","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=30095"},"modified":"2020-08-11T20:32:23","modified_gmt":"2020-08-12T01:32:23","slug":"campaign-promises-retrospective-social-security","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2020\/08\/11\/campaign-promises-retrospective-social-security\/","title":{"rendered":"Campaign Promises Retrospective: Social Security"},"content":{"rendered":"<p><em>Part of an\u00a0<a href=\"https:\/\/huewhite.com\/umb\/trumps-campaign-promises\/\" target=\"_blank\" rel=\"noopener noreferrer\">occasional series<\/a>\u00a0examining President Trump\u2019s progress against Candidate Trump\u2019s promises.<\/em><\/p>\n<p><strong>The promise<\/strong>: Candidate Trump <a style=\"outline-width: 0px !important; user-select: auto !important;\" href=\"https:\/\/www.washingtonpost.com\/news\/post-politics\/wp\/2016\/01\/22\/here-are-76-of-donald-trumps-many-campaign-promises\/\" target=\"_blank\" rel=\"noopener noreferrer\">will protect<strong> Social Security<\/strong><\/a><strong>.<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"Trump promises not to cut Social Security &amp; Medicare\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/rO57HJCVA7w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p><strong>Results So Far<\/strong>: So far, <strong>Social Security<\/strong> has not been changed. However, it&#8217;s not hard to see a threat on the horizon, as I documented <a href=\"https:\/\/huewhite.com\/umb\/2020\/08\/09\/if-you-value-social-security\/\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Here&#8217;s the pivotal Tweet from one of Trump&#8217;s lawyers:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is actually the biggest news of the day:<\/p>\n<p>President Trump said if he is re-elected, he will look into terminating the payroll tax permanently!<\/p>\n<p>&mdash; Jenna Ellis (@JennaEllisEsq) <a href=\"https:\/\/twitter.com\/JennaEllisEsq\/status\/1292260615474393088?ref_src=twsrc%5Etfw\">August 9, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The &#8220;payroll tax&#8221; is the only revenue stream funding <strong>Social Security<\/strong>. Kill it, and in the face of the incredible deficits being run by the Republicans as a result of the 2017 Tax Reform law and the <strong>Covid-19<\/strong> pandemic, as poorly managed as that has been, and there&#8217;s little chance of <strong>Social Security\u00a0<\/strong>gaining a different revenue source and therefore surviving.<\/p>\n<p><em><strong>The Bigger Picture<\/strong><\/em>: It doesn&#8217;t get much bigger than this. President Trump appears to be fixated on deferring the payroll tax as part of the <strong>Covid-19<\/strong> management strategy, but most experts do not think it&#8217;ll be of any help to to the unemployed, since they aren&#8217;t paying those taxes presently; I don&#8217;t see how such a reduction will spur growth, either, which is the usual reason for deferring collection of these taxes over the year. It&#8217;s our personal behavior, and progress made on cures or vaccines for <strong>Covid-19<\/strong>, which will determine when jobs will begin to reappear.<\/p>\n<p>Republicans are well-known for their repugnance in connection to <strong>Social Security<\/strong>. Is this fixation a <em>quid pro quo<\/em> to the Republicans for not convicting him on the articles of impeachment earlier this year? Without further evidence, <strong>No<\/strong> must be assumed &#8211; but it remains an open question.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part of an\u00a0occasional series\u00a0examining President Trump\u2019s progress against Candidate Trump\u2019s promises. The promise: Candidate Trump will protect Social Security. Results So Far: So far, Social Security has not been changed. However, it&#8217;s not hard to see a threat on the horizon, as I documented here. Here&#8217;s the pivotal Tweet from \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2020\/08\/11\/campaign-promises-retrospective-social-security\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30095","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/30095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=30095"}],"version-history":[{"count":2,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/30095\/revisions"}],"predecessor-version":[{"id":30097,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/30095\/revisions\/30097"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=30095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=30095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=30095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}