Preserve Benefits for Current Retirees – Trump’s plan aims to protect Social Security benefits for current retirees, ensuring they receive full payments without cuts.
No Payroll Tax Increases – He has opposed raising the payroll tax rate, which funds Social Security, as a way to avoid burdening working Americans.
Strengthen the Trust Fund – Trump's proposal includes measures to ensure the Social Security Trust Fund remains solvent, though details on how are still unclear.
Focus on Economic Growth – He argues that robust economic growth will naturally increase revenue for Social Security through higher wages and employment.
Privatization Proposals – There has been discussion of allowing some workers to invest portions of their Social Security taxes in private accounts for potentially higher returns.
Reduce Social Security Fraud – His plan emphasizes cracking down on fraud and abuse within the Social Security system to protect funds.
Expand Work Incentives – Trump's plan suggests incentivizing work by allowing individuals to earn more before Social Security benefits are reduced.