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"We find President Trump's campaign proposals would dramatically worsen Social Security's finances," the CRFB budget group said in a blog post. Social Security trust funds are set to be exhausted by Fiscal Year 2034, according to the Congressional Budget Office. "If you cut income taxes and cut payroll taxes, then you're going to have an impact on Social Security," Freese said. "I don't believe the Trump campaign is looking to undermine Social Security," said Andrew Biggs, senior fellow at the American Enterprise Institute and former principal deputy commissioner of the Social Security Administration. "And likewise, Social Security is so big, any changes to Social Security will affect other things."

Persons: Trump's, Trump, Karoline Leavitt, Leavitt, Kamala Harris, Maria Freese, Freese, Harris, Andrew Biggs, Biggs Organizations: Republican, CNBC, Social Security, Democratic, Social, Congressional, Trump, National Committee, Preserve Social Security, Medicare, American Enterprise Institute, Social Security Administration, Security Locations: Monday's

☆ How a federal government shutdown may affect Social Security and Medicare
▼ + stars: | 2023-09-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Washington lawmakers are scrambling to pass a spending bill before an Oct. 1 deadline. For retirees who rely on Social Security and Medicare, the good news is those programs will mostly be unaffected because they are considered mandatory spending. "Checks will continue to go out," Bill Sweeney, senior vice president of government affairs at AARP, said of Social Security benefits. "Most seniors should be fine, both on the Medicare side and on the Social Security side," said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. If a shutdown happens this time around, it may be brief, according to Bill Hoagland, senior vice president at the Bipartisan Policy Center.

Persons: Bill Sweeney, Maria Freese, Freese, Bill Hoagland Organizations: U.S . Capitol, Social Security, AARP, Finance, National Committee, Preserve Social Security, Center Locations: Washington ,, Washington

☆ As Social Security official warns of A.I. fraud risks, one expert says criminal activity is 'here right now'
▼ + stars: | 2023-08-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Courtney Keating | E+ | Getty ImagesWhile scrolling social media, you may find a video of President Joe Biden urging you to sign up for extra Social Security benefits for which you are eligible. The Social Security Administration is working with OIG to take appropriate steps to combat fraud, an agency spokesman said. "The agency has techniques to identify and react to suspicious bad actors," said Social Security Administration spokesman Mark Hinkle. "We look forward to continuing to work with the OIG on the evolution of AI and courses of action regarding AI fraud." Other steps can also help protect your personal financial information and Social Security beneficiaries' monthly income, according to Talcove.

Persons: Courtney Keating, Joe Biden, Kathy Stokes, Stokes, A.I, Gail Ennis, Ennis, Haywood Talcove, Talcove, OIG, Mark Hinkle, Maria Freese, Freese, Boonchai, AARP's Stokes, It's Organizations: Social, Watch, Finance, Big, Social Security, Social Security Administration Office, LexisNexis, Social Security Administration, Solutions, Security, National Committee, Preserve Social Security, Getty Locations: Ennis

☆ As lawmakers warn of a Social Security 'shutdown,' here's how the debt ceiling may affect benefits
▼ + stars: | 2023-05-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Amid a stalemate on federal debt ceiling negotiations, some government officials are warning the Social Security checks sent to more than 65 million beneficiaries each month could be at risk. On Sunday, Senate Majority Leader Chuck Schumer, D-N.Y., warned a "Social Security shutdown" could happen if the U.S. defaults on its debt. The debt ceiling is the maximum amount of money the U.S. government can borrow. The pressure is on Congress to raise or suspend the debt limit before the emergency funding runs out. "Part of the challenge here is that this is unprecedented," said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare.

☆ This Social Security change would be ‘easiest and quickest,’ Manchin says. What debt ceiling negotiations may mean for benefits
▼ + stars: | 2023-01-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

But that should not include cuts to Social Security and Medicare benefits, he said. "I've got 60% of my population that that's all they have is Medicare and Social Security," Manchin told NBC's "Meet the Press" on Sunday. How raising payroll tax cap could aid Social SecurityIn 2023, wages up to $160,200 are subject to a 6.2% tax for employees and employers that goes to Social Security. Other Democrats have also proposed raising payroll taxes to help shore up Social Security. More from Personal Finance:What the U.S. debt ceiling could mean for Social Security and MedicareApproaching 62?

☆ Public servants like teachers and police often get reduced Social Security. Congress is weighing a bill that could change that
▼ + stars: | 2022-09-21 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Monkeybusinessimages | Istock | Getty ImagesMillions of Americans may receive reduced Social Security benefits if they worked in public roles as teachers, firefighters, police or government workers. "There just aren't that many legislative days left," said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. Why public servants encounter reduced Social SecurityThe Social Security Fairness Act calls for repealing two titles of the Social Security Act that reduce or eliminate benefits for Americans who work in public service — the Windfall Elimination Provision and the Government Pension Offset. The Social Security Fairness Act would fully repeal both rules, thus making benefits more generous for those affected. 82 would need offsets not to have a huge financial impact on the Social Security trust funds, and it doesn't provide that," Sprick said.

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