US Social Security Faces 2032 Insolvency as $1.1 Trillion Tax Cut Package Drains Funds
The Congressional Budget Office projects US Social Security trust funds will deplete between 2032 and 2035, triggered by the One Big Beautiful Bill Act's $1.1 trillion revenue reduction. Automatic benefit cuts will hit 76% of recipients who receive no offsetting tax relief, while Medicaid cuts strip coverage from 11.8 million Americans by 2034.
ViaNews Editorial Team•