The data refutes that and there is NO proposal by
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Posted On: 09/06/2018 9:20:00 PM
The data refutes that and there is NO proposal by the GOP to raise the cap.
Quote:
The Republican tax cut law and lower-than-projected wages accounted for most of the downgrade.
Compared with estimates a year ago, the primary trust fund for Medicare runs out three years sooner.
•The primary trust fund for Social Security runs out one year sooner.
•The Republican tax cuts trimmed a year of solvency from the primary Medicare trust fund and had a negative effect on the Social Security trust fund.
Our ruling
Trump said that his administration is making Medicare and Social Security stronger. The forecast for both programs is worse today than a year ago. The main Medicare trust fund is expected to run out of money three years sooner. The main Social Security trust fund is expected to run out one year sooner.
The Republican tax cut law and lower-than-projected wages accounted for most of the downgrade.
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