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To Save Social Security, Seniors Group Founded by FDR's Late Son Endorses Joe Biden
Last edited Tue Sep 22, 2020, 10:38 PM - Edit history (1)
https://www.ncpssm.org/documents/news-releases/fearing-for-social-security-national-seniors-group-endorses-biden/A national advocacy group for seniors officially endorsed Democratic nominee Joe Biden and his running mate Kamala Harris on Thursday, warning that older Americans “cannot afford” a second term for President Donald Trump.
This is the first time that the National Committee to Preserve Social Security and Medicare (NCPSSM), which was founded by the late son of President Franklin Delano Roosevelt, has ever endorsed a candidate for president.
“During the past four years, we’ve seen this president pay lip service to seniors’ needs while actively undermining their best interests, the latest example being his reckless pledge to terminate the payroll taxes that fund Social Security,” Max Richtman, the group’s president and CEO, said in a statement.
He said that Social Security is under attack.
“Never in our organization’s history have we seen such a consistent level of threats to the health and retirement security of America’s seniors,” Richtman said. “There is no doubt that the most effective way to protect the future for older Americans is to elect Joe Biden as president.”
Trump inadvertently put Social Security in the election spotlight after he signed an executive order in August calling for a “payroll tax holiday” for the millions of employees who pay into the system. Today, more than 65 million Americans receive benefits through Social Security.
He followed the executive order with an announcement that if he won a second term, he intended to eliminate the payroll tax. He told reporters during a press conference that “we will be, on the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year.”
Gutting the tax completely would bankrupt the agency fast. In a recent report to Congress, the chief actuary for the Social Security Administration said the trust which supports the benefits would be depleted by the middle of 2023. Funds for disability payments would run out even sooner, in the middle of 2021.
This is the first time that the National Committee to Preserve Social Security and Medicare (NCPSSM), which was founded by the late son of President Franklin Delano Roosevelt, has ever endorsed a candidate for president.
“During the past four years, we’ve seen this president pay lip service to seniors’ needs while actively undermining their best interests, the latest example being his reckless pledge to terminate the payroll taxes that fund Social Security,” Max Richtman, the group’s president and CEO, said in a statement.
He said that Social Security is under attack.
“Never in our organization’s history have we seen such a consistent level of threats to the health and retirement security of America’s seniors,” Richtman said. “There is no doubt that the most effective way to protect the future for older Americans is to elect Joe Biden as president.”
Trump inadvertently put Social Security in the election spotlight after he signed an executive order in August calling for a “payroll tax holiday” for the millions of employees who pay into the system. Today, more than 65 million Americans receive benefits through Social Security.
He followed the executive order with an announcement that if he won a second term, he intended to eliminate the payroll tax. He told reporters during a press conference that “we will be, on the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year.”
Gutting the tax completely would bankrupt the agency fast. In a recent report to Congress, the chief actuary for the Social Security Administration said the trust which supports the benefits would be depleted by the middle of 2023. Funds for disability payments would run out even sooner, in the middle of 2021.
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