NEW: Daines-Supported Tax Plan Would Deplete Funding for Social Security in Three Years

Rachel Prevost2020, Daines, News, Republicans

FOR IMMEDIATE RELEASE
Tuesday, August 25, 2020

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NEW: Daines-Supported Tax Plan Would Deplete Funding for Social Security in Three Years
 
Helena, MT – As Senator Steve Daines continues his month-long summer vacation, a new report from the Social Security Administration estimates that the Republican plan to eliminate payroll taxes could “permanently deplet[e]” Social Security funding by 2023 with “no ability to pay benefits thereafter.” Despite the devastating consequences this would have on Montana’s seniors and that it poses a “threat to Social Security no matter how [the Administration] casts it”, Daines has chosen to remain in lockstep with GOP party bosses as they try to gut this essential program. 

This continues Daines’ pattern of undermining vital programs that Montana seniors rely on.

Daines has voted against expanding Social Security benefits and has supported legislation that threatens Medicare funding. Adding insult to injury, Daines championed tax giveaways that disproportionately benefited massive corporations and the ultra-wealthy, while his party threatened to pay for them by cutting funding for Social Security and Medicare. 

“If Steve Daines and his Republican allies have it their way, funding for Social Security could be completely depleted just three years from now,” said MDP Communications Advisor Christina Wilkes. “Despite the ongoing pandemic disproportionately affecting our seniors, Daines is trying to undermine their lifeline when they need it most.”  
 

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