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Trump's megabill could deplete Social Security's trust funds faster: Analysis

5 57
06.08.2025

President Trump’s tax and spending megabill could speed up insolvency for Social Security’s trust funds, according to an analysis from the Trump administration's chief actuary for the program.

The Office of the Chief Actuary (OACT) at the Social Security Administration (SSA) released an analysis this week of the law’s potential effects on the program’s finances in response to a request from Sen. Ron Wyden (Ore.), the top Democrat on the Senate Finance Committee.

The report

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