Swing State Voters Want Harris and Trump to Give Detailed Plans for Shoring Up Social Security
Despite decades of warnings, the depletion date for Social Security’s retirement trust fund is rapidly approaching. Unless lawmakers take action, Social Security’s trust fund will be depleted by 2033 – at which point benefits would be cut by 21 percent, automatically. These cuts would be devastating for the millions of seniors who rely on Social Security for a major share of their income.
The vast majority of voters (96%) in seven key battleground states — Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin —say it’s important for the presidential candidates to have a plan to prevent automatic cuts to Social Security, according to new polling. So far neither Vice President Harris nor former President Trump has put forward a plan to shore up Social Security – but there are many policy options to choose from, with strong support from swing state voters:
- 60% of voters favor increasing Social Security taxes
- 63% of voters favor a combination of tax increases and benefit adjustments
- 75% of voters favor increasing taxes and reducing benefits for higher-income Americans
- 52% of voters favor having the retirement age gradually raised for those under 50
Further Reading
Most Get More from Social Security and Medicare Than They Pay In
Understanding lifetime tax and benefit payments, and how those lifetime balances vary, can help policymakers better target reforms to ensure the programs can be sustainable for decades to come.
9 Facts About Social Security and the Need to Strengthen It
Social Security is an essential program for millions of Americans, but it’s at risk if lawmakers fail to take action to reform the program.
What Is SNAP? An Overview of the Largest Federal Anti-Hunger Program
SNAP has a positive effect on poverty and food insecurity, with a relatively small effect on the federal budget.