Donald Trump recently proposed eliminating income taxes on Social Security benefits. Why? No one knows. Maybe because low-income seniors already pay no tax on benefits, so it would mostly benefit the well off. And what Republican ever passed up the chance to make a regressive tax even more regressive?
In any case, let's see what Trump's fellow conservatives think of this:
Trump has come up with what I agree is an “ingenious” way to re-describe cutting Social Security, but if you were wondering who’s going to replace the missing immigrant labor under Trump the plan is for grandma to start picking fruit. pic.twitter.com/io7zM5EGc0
— Matthew Yglesias (@mattyglesias) August 2, 2024
Matt is being entirely too kind here. Stephen Moore was once commonly known as the stupidest man in the world, and this is why. First off, getting older people to stay on the workforce isn't a national priority for either party, as far as I know. Second, what does this have to do with taxing Social Security benefits anyway? Third, does Moore think this would cut Social Security costs? Why? Annual benefits go up if you retire later, so net lifetime benefits paid out are the same no matter when you retire.¹
So, fourth, I'm pretty sure Dems aren't mad they didn't think of this. It's a brain-dead idea that even the Heritage Foundation is too smart to endorse.² Only Donald Trump is dumb enough to propose something that would explicitly make Social Security's finances worse.
¹In addition, if you take Social Security benefits early—age 62, for example—but continue working, your benefits are reduced. However, they're made up either when you stop working or you reach age 67.
²Probably. Their 900-page Project 2025 tome, oddly, just doesn't have space to address Social Security. How about that? But I don't think they've ever proposed ending the tax on benefits, nor has any other conservative think tank.