Trump promised permanent cut-to-roll tax funding Social Security and Medicare if he is reelected as the U.S President.

President Trump pledged to pursue a permanent cut to the payroll taxes that fund Social Security and Medicare if he wins reelection in November.

President Trump pledged to pursue a permanent cut to the payroll taxes that fund Social Security and Medicare if he wins reelection in November.Trump announced his executive actions at a press conference held at his golf club in Bedminster, New Jersey, on August 8, 2020. The order permits workers to postpone their payroll tax payments until next year but does not clear their bills entirely though the president said that he would seek to waive what people owe if he prevails on Election Day. Trump said he intended to end the tax, referring to Social Security and Medicare payroll taxes.

Experts worry that it would lead to sweeping changes for Social Security, which is funded through those taxes, and it will reduce the benefits for everyone.