During a Senate Finance Committee hearing on Wednesday, Treasury Secretary Steve Mnuchin—using euphemistic language Democratic lawmakers described as “Washington-speak“—admitted that President Donald Trump’s fiscal year 2021 budget proposal would cut Social Security days after the president insisted he is “not touching” the program.
Pressed by Sen. Catherine Cortez Masto (D-Nev.) on the budget’s call for tens of billions in cuts to Social Security over the next decade, Mnuchin said, “I believe it’s not a cut, it’s a reduction in the rate of increase. And it’s not to the benefits of people on Social Security.”
“If that is not a cut, then I would love to talk to you about what it is this administration values and what they see, how these groups and important individuals in our communities are being affected,” responded Cortez Masto. “My concern is this administration says one thing, but their actions are just the opposite.” Continue reading.