
Biden 'anti-growth' policies will slash Medicare, Social Security tax revenue by $400-$900 billion: report
Fox News
President Biden's policies will take away hundreds of billions of dollars promised to seniors through Social Security and Medicare, according to a new report.
"Joe Biden has pledged many times that he will not cut Social Security and Medicare benefits — and has even accused Republicans of a secret plan to cut these programs for seniors," the report states. "But the real risk to the financial security of Americans in retirement comes from Biden's anti-growth welfare, regulatory, tax, and employment policies that will reduce GDP, growth, work, and wages." Aaron Kliegman is a politics reporter for Fox News Digital.
Mulligan explains that, under Biden, real wages adjusted for inflation have fallen, and real returns on many investments have turned negative.