New report finds former President Trump's proposed policies would accelerate Social Security insolvency, leading to larger benefit cuts for retirees.

Without Congressional and Presidential action to raise revenues, benefits would be immediately reduced by 23% Under Trump's plan benefits will fall by 33%.

When the trust funds run out, Social Security's remaining income sources will only be enough to cover around 83% of future benefits, according to the report. In other words, beneficiaries could see their checks reduced by around 17%, assuming lawmakers don't find a solution before 2035.

Kamala Harris suggests corporations and the wealthy should pay their “fair share” to help strengthen Social Security

The Social Security Administration is facing a funding cliff that could be accelerated by Trump's economic proposals, a think-tank says.

New analysis warns Trump’s economic agenda would speed up bankrupting the Social Security Trust fund and lead to large automatic across-the-board benefit cuts.

Few politicians would go on record saying they wanted to slash Social Security benefits. The presidential candidates from the two major political parties in the current election are no exception. Both Vice President Kamala Harris and former President Donald Trump have promised to "protect Social Security.

Without changes in how Social Security is currently funded, benefits would be cut 23% by 2035. With Trump's tax plans, benefits would be slashed 33%. No two ways about it. Trump is threatening Social Security's stability.