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“MAGA Mike Johnson won’t show the American people his secret plan to eliminate Social Security because he knows Republican policies are wildly unpopular."
Social Security's trustees said in their annual report released Tuesday that the New Deal program will be unable to pay out full benefits by the end of 2032—a quarter earlier than projected last year—in the absence of congressional action, a finding that advocates said underscores the destructive impact of President Donald Trump's policy agenda and the need to make the rich finally pay their fair share into the system.
“This is the first Social Security trustees report that begins to take Donald Trump’s second term policies into account: A tax bill that largely benefited the wealthy, economy-wrecking tariffs, a needless war with Iran, and hostility to immigrants," said Nancy Altman, the president of Social Security Works. "All of these have reduced the amount of money going into Social Security, weakening the system’s finances."
The trustees report was released a day after House Speaker Mike Johnson (R-La.) declared in a radio show appearance that "entitlement programs like Medicare, Medicaid, and things like Social Security" need to be "adjusted and fixed," which critics say is euphemistic language for benefit cuts, given past GOP proposals such as raising the retirement age.
Johnson said the GOP intends to release a new Social Security plan "next year," without providing any details.
The Democratic Congressional Campaign Committee (DCCC), House Democrats' campaign arm, immediately pressed Johnson, suggesting he's delaying Republican plans for Social Security and Medicare until after the 2026 midterms to avoid consequences at the ballot box.
“MAGA Mike Johnson won’t show the American people his secret plan to eliminate Social Security because he knows Republican policies are wildly unpopular and will be resoundingly rejected by the American people in November," said Justin Chermol, a DCCC spokesperson.
The new trustees report projects that Social Security's Old-Age and Survivors Insurance will be able to pay out full benefits "until the fourth quarter of 2032, one quarter earlier than projected last year."
"At that time, the fund’s reserves will become depleted and continuing program income will be sufficient to pay 78% of total scheduled benefits," the trustees said.
Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare (NCPSSM), stressed that the new projection "does not mean that Social Security is going ‘bankrupt’ or ‘broke.’"
"Nor does the trustees report mean that benefits must be cut to maintain the program’s fiscal health," said Richtman. "It would be grossly unfair to ask beneficiaries on fixed incomes to bear the cost of strengthening Social Security. While conservatives favor benefit cuts (such as raising the retirement age, means testing, or reduced COLAs), we advocate for revenue-side solutions where the wealthy pay their fair share."
Specifically, NCPSSM and other progressive advocacy groups and lawmakers have called for raising the Social Security's payroll tax cap, which currently exempts annual income above $184,500 from the program's dedicated payroll levy.
Richtman said that lifting the payroll tax cap and "subjecting some of high earners’ investment income to Social Security taxes" would keep the program solvent "well beyond the 2030s." He noted that Democratic lawmakers have introduced legislation to shore up Social Security's finances by taxing the rich, but the bills have gone nowhere in the Republican-controlled Congress.
In a joint statement issued in response to the trustees report, Reps. John Larson (D-Conn.), Richard Neal (D-Mass.), and Lloyd Doggett (D-Texas) said that "instead of joining Democrats to protect and enhance" Medicare and Social Security, "Donald Trump and Republicans are busy sabotaging them."
"After DOGE took a wrecking ball to the Social Security Administration under false pretenses, all Americans got were slashed customer service and their most personal data put at risk—without a penny saved," the Democrats said. "Combined with their sole legislative achievement pricing millions out of coverage and putting Medicare on the chopping block, there is no greater threat to Americans’ wellbeing than Republican governance."
One critic accused the Trump administration of plotting "financial murder" against millions of people.
A federal whistleblower has revealed plans by the Elon Musk-led Department of Government Efficiency to falsely list millions of people in the Social Security database as dead in a scheme to pressure them to leave the US.
In an interview published Friday by The Washington Post, former Social Security Administration (SSA) executive Jeremiah Schofield outlined a DOGE-concocted scheme that would have potentially cut people off from wages, banking, and government benefits by falsely listing them as dead.
Schofield said a DOGE employee told him in a phone call that they wanted to add 2.7 million living people to SSA's "Death Master File," cutting them off from essential financial services so they would either leave the country voluntarily or show up to local SSA offices to complain, where they would be promptly arrested.
“That call was one of the most disappointing calls I’ve been in in my 25-year career,” Schofield, who left the SSA in October, told the Post. “I was shocked. I couldn’t believe what I was hearing.”
While immigrants were the primary target of the scheme, Schofield said that the list of people created by DOGE included some US citizens and lawful permanent residents.
One anonymous former SSA employee who spoke with the Post outlined the serious ramifications for the 2.7 million people had they been added to the Death Master File.
“If you’re on the [Death Master File] you can’t have a bank account," they explained, "you can’t get credit, so no apartment, no way to save money, no way to get paid, no way to get on insurance or carry health insurance. It has a ton of devastating effects.”
Schofield said he refused to carry out the DOGE employee's request after consulting with SSA lawyers who said falsely marking living people as dead would likely be illegal.
The plan was ultimately shelved, and the Trump administration claimed in recent court filings that it has revoked DOGE employees' access to SSA data.
Nancy Altman, president of Social Security Works, said that Schofield's whistleblower report was yet another example of President Donald Trump's administration abusing its power and weaponizing the federal government.
"Trump ran on a promise to protect Social Security," Altman said, "but this whistleblower report is the latest evidence of how he really views it: As nothing more than a weapon to wield against his enemies."
Altman added that removing living people from the database is essentially "financial murder."
"It means losing access to your bank account, your health insurance, and your credit cards," Altman explained. "It means getting kicked out of your home. It means that your life is destroyed."
Whistleblower Aid, the nonprofit legal assistance organization representing Schofield, said their client's claims show "no one is safe from this type of weaponization of our Social Security data."
"If the administration is permitted to ‘kill people off’ and ruin their lives to pursue its anti-immigrant agenda," the group added, "it will be able to use the same cruel and illegal tactics against anyone who has a Social Security number.”
In over 35 events across the US, patients, healthcare workers, and advocates came together to highlight the pain that Republicans are inflicting on their own constituents.
Republicans voted to slash $1 trillion from Medicaid. They ended Affordable Care Act subsidies, putting healthcare out of reach for millions of Americans. All to give massive tax handouts to the Epstein class, so they can buy another yacht.
Now, America’s already rotten healthcare system is spiraling into crisis. Hospitals across the country are at risk of closing, with those in rural areas most at risk. Those that remain will have longer waits and fewer resources. Even those with private insurance are not spared the consequences of Republicans removing $1 trillion in resources from the healthcare system. If you aren’t a billionaire, your healthcare is about to get worse and more expensive—if it hasn’t already.
This spring, Americans are fighting back. The Stop Taking Our Healthcare campaign included over 35 events across the country, concentrated in congressional districts with vulnerable Republicans. Many of these events took place in front of hospitals at risk of closure.
I want to share the stories of just a few of these events, where patients, healthcare workers, and advocates came together to highlight the pain that Republicans are inflicting on their own constituents.
Everywhere I go, Americans are worried about losing their healthcare and the threats to their local hospitals.
Rahway, New Jersey is located in New Jersey’s 7th District, currently represented by Republican Rep. Tom Kean Jr. At our protest across the street from Robert Wood Johnson University Hospital, resident Theresa Luoni worried about her children’s future: “Human beings with real needs are dropped off at homeless shelters when Medicaid runs out. As I watch this happen, I can’t help but see my children’s future. I’m the mother of two autistic boys. Without the right therapies, their needs escalate. My children are not statistics. They are not just autistic. They are human. They deserve safety. They deserve dignity. We go to bed every night and wonder if the care we depend on will go away.”
When healthcare is cut, when Medicaid is reduced, when services disappear, the impact is not theoretical. It's a child losing access to therapy that helps them communicate. - Theresa Luoni, #NJ07 resident
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— Social Security Works (@socialsecurityworks.org) April 28, 2026 at 9:42 AM
Sadly, Theresa is far from alone in needing to worry about her family’s healthcare: 16.5% of the residents of Rahway rely on Medicaid and 400,000 patients across New Jersey are projected to lose their healthcare as a result of the $1 trillion in cuts to Medicaid thanks to the law passed by Rep. Tom Kean Jr. and his fellow Republicans.
In New York’s 17th District, currently represented by Republican Rep. Mike Lawler, Hudson Valley community members gathered at Northern Westchester Hospital to raise awareness of the dangers to their hospitals and healthcare posed by the $1 trillion in healthcare cuts Rep. Lawler and other Republicans passed into law.
Karen, a family caregiver who lives in NY-17, spoke about her efforts to take care of her parents, who are 88 and 94. One of them has dementia. Her parents need full-time support, and rely on Medicaid for round-the-clock care. Rep. Lawler recklessly voted for a law that will cut $128 billion from New York’s Medicaid program over the next decade, putting 45 hospitals in New York at risk of closing, including two hospitals in his own district. Like Karen’s parents, 211,500 people in New York’s 17th District rely on Medicaid. Rep. Lawler is willing to put the health of his constituents at risk to give massive tax breaks to billionaires.
When I hear about cuts to Medicaid, I know exactly what that means for families here in #NY17. Fewer services, overwhelmed providers, and people going without the care they need.But despite what families like mine are going through, Rep. Mike Lawler voted to cut Medicaid. - Karen Rubinson
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— Social Security Works (@socialsecurityworks.org) April 29, 2026 at 11:58 AM
In Bakersfield, California, residents gathered at Kern Medical College to demand healthcare, not warfare. Jon “Bowzer” Bauman, president of Social Security Works PAC, raised alarms about the impact of Republican healthcare cuts on local residents in nearby communities, including the people living in Republican Rep. David Valadao’s district. Sam Hardman, a local resident and US Army veteran, expressed his feelings that congressional Republicans like Reps. David Valadao and Vince Fong “have no idea what it is to care for another person” while speaking about how his family’s healthcare needs.
In Montana, our protests in Missoula and Polson focused on the concerns of local community members worried about losing their healthcare. In front of Providence St. Patrick Hospital in Missoula and Providence St. Joseph Medical Clinic in Polson, several local elected officials and candidates, including MT-01 Congressional candidate Sam Forstag, joined me in bringing attention to the eight hospitals around Montana in danger of closing.
Over 218,000 Montanans have healthcare coverage through Medicaid, but Republican cuts are putting the health of Montanans at risk and leaving vulnerable communities without access to affordable care.
In Colorado’s 8th District, currently represented by Republican Rep. Gabe Evans, neighbors gathered outside the Clinica Family Health clinic in Westminster. At least nine hospitals in Colorado are at risk of closing or reducing services. In Colorado’s 8th District, 1 in 4 people are covered by Medicaid. Yet Rep. Gabe Evans supported $1 trillion in healthcare cuts, so the richest of the rich don’t have to pay their fair share.
Alex Lawson: Let's remind ourselves WHY they cut $1 trillion out of Medicaid. Why 56K people are going to die every year.To give TRILLIONS in tax handouts to the richest people the world has ever known so they can buy another golden yacht to sail to Epstein's Island or whatever it is that they do.
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— Social Security Works (@socialsecurityworks.org) May 5, 2026 at 1:58 PM
Donna Smith, a local resident, attended the protest, and described standing in the freezing rain to deliver a message of defiance. Joining Donna in demanding that those who take away healthcare be held accountable, Dr. Vince Markovchick spoke about his experience running the emergency medicine department at Denver Health for 26 years, and what happens when patients cannot afford the care they need.
To conclude our Stop Taking Our Healthcare campaign, Michigan’s Democratic Rep. Debbie Dingell and other lawmakers joined us as part of a national virtual town hall to discuss the effects of the $1 trillion in Republican healthcare cuts. Rep. Dingell declared: “Across this country, people are feeling the continued attacks on their healthcare.” Rep. Dingell mentioned hearing from parents, seniors, and workers who are all worried about losing their healthcare and what could happen to them next.
While the Stop Taking Our Healthcare campaign has finished, the fight for our healthcare must continue. Everywhere I go, Americans are worried about losing their healthcare and the threats to their local hospitals. The Republicans who decided to cut $1 trillion from our healthcare to hand out massive tax giveaways to the richest of the rich will face the consequences this November.