President Trump’s pledge to “terminate” the payroll tax that funds Social Security defies the conventional wisdom of staying away from what’s known as the “third rail” of politics.
Proposing a major reform to Social Security shortly before an election traditionally has been seen as the political equivalent of touching the highly electrified rail that powers subway cars.
The last president to try, George W. Bush, made a similar move shortly after winning a convincing reelection in 2004, and he was stopped dead in his tracks. Bush’s ill-fated effort to reform Social Security energized dispirited Democrats and sapped political momentum from the start of his second term.
Yet the danger of overhauling the funding stream for a program that in turn provides payments to seniors has not deterred Trump from risking support in key battleground states like Florida.
Seniors for decades want politicians to keep their hands off of Social Security and if this move affects it, it could backfire on Trump