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

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.

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

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

The Committee for a Responsible Federal Budget predicts many of Trump’s policies could hasten the looming depletion of the Social Security Trust Fund.

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

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.