President Donald Trump promises once again to protect social security if the Republicans of the Congress seek another draft reconciliation law.
Earlier this week, he was asked what would prioritize whether the Republicans in Congress seek a draft reconciliation law, a cost reduction tactic that would avoid the filibuster of the usual Senate, Trump said he would focus efforts on reducing unnecessary things and “saving” others, such as social security.
“One thing I said and gave my word: we are not going to harm anyone through Medicaid, Medicare or Social Security,” Trump said Monday at the Oval office. The Congress is prohibited from touching the benefit structure or social security income mechanisms in a reconciliation bill.
Trump continued to say “We are very good in Social Security” and that “we will protect it.”
Protecting Social Security is a common chorus for Trump, who promised to protect the federal program in the campaign and has reiterated that message through his second mandate as president, even when his administration has sought cuts for other federal programs and agencies.
President Donald Trump speaks during an executive order signed at the Oval Office of the White House in Washington, on August 25, 2025.
To Drago/EPA/Shuttersock
Trump has promoted “without taxes” on Social Security with the approval of the great and beautiful law project last month. Although the bill does not end social security taxes, it will provide many major Americans to qualify for the program with a tax exemption, according to a Politifact report.
Trump’s Megabill offers an additional fiscal deduction of up to $ 6,000 for Americans 65 years or older. Tax deduction is temporary and is in force until 2028.
While the measure that could mean more income for the elderly, some critics say it will have little effect on Social Security.
Laurence Kotlikof, professor of economics at Boston University, said that changes in tax deductible “make Trump have fulfilled his promise, but there is no connection of this at all with taxes to the benefits of social security.” Kotlikof explained that if a person has low income and his tax rate is low to begin with, he will not obtain a large amount of deductible taxes.
Democrats have criticized the Megabill with the Republican party as a benefit to the rich while hurting low -income people.
The Trump administration celebrated the 90th anniversary of the program earlier this month with the leader of the Social Security Administration saying that he is looking for ways to help the program evolve to help future generations.
Frank Bisignano, the administrator of the Social Security Administration, earlier this month he shared plans to help social security to become a “first digital agency.” Bisignano said the administration had a “bold objective” for 200 million Americans to have a digital SSA account for next year, which makes the program predominantly digital.
The Social Security Administration Commissioner, Frank Bisignano, speaks before President Donald Trump firm a presidential proclamation in honor of the 90th anniversary of the Social Security Law in the Oval Office of the White House in Washington, on August 14, 2025.
Mandel and/AFP
Although Trump has expressed his confidence in the future of the program, the projections claim that the program’s trustee will be exhausted in less than a decade.
The Social Security Fiduciary Fund, which pays the retirement and survivors’ benefits, will be exhausted in 2033, resulting in a 23% reduction in the benefits payable at that time, according to the 2025 Trust Report – A report from the Social Security Administration that describes the projected fiscal perspective for Medicaid and Social Security programs and their trusted funds. The Oasi Fiduciary Fund may pay 100% of the total benefits until 2033. At that time, the reserves will be exhausted and will be enough to pay only 77% of the total benefits, according to the 2025 trust report.
The Social Security Administration Commissioner, Frank Bisignano, speaks when President Donald Trump listens before signing a presidential proclamation in honor of the 90th anniversary of the Social Security Law in the Oval Office of the White House in Washington, on August 14, 2025.
Mandel and/AFP
The combined trust funds that Social Security uses to pay retirees, survivors and those with disabilities will be exhausted by 2034, a year before what was last screened in the Report 2024according to the report of the trusts. Once the combined funds are exhausted, the funds could only pay 81% of the benefits, according to the report.
The Oasi Fiduciary Fund is expected to be exhausted in 2033 was valued at $ 2,538 billion at the end of 2024, according to the 2025 OASDI Trust Report. Combined fiduciary funds that finance Social Security have a total value of $ 2.7 billion at the end of 2024, according to data from fiduciary funds on the Social Security Administration website.
In a written statement to ABC News, the Social Security Administration promoted the “historical” fiscal relief for the elderly due to the approval of Trump’s Megabill and maintained that he will continue working with Congress to “protect and strengthen” the program.
