Trump, the Republican presidential nominee, has pledged to cut taxes on Social Security income for the 67 million Americans who get the monthly checks as part of the retirement and disability program.
“Seniors should not pay taxes on Social Security, and they won’t,” Trump said during a campaign rally in Harrisburg, Pennsylvania, on July 31. The former president is seeking a second term in the White House against Vice President Kamala Harris, the Democratic presidential nominee.
In an opinion piece published in The New York Sun on Thursday, de Rugy, a senior research fellow at the Mercatus Center at George Mason University, wrote: “Don’t get me wrong, I love lower tax rates. I also believe the current tax structure on benefits creates a large incentive for seniors who may want to reenter the workforce to choose not to do so. And these types of work disincentives in the tax code are bad.
“While reducing Social Security taxes may encourage some seniors to go back to work, it will in turn cause more dramatic problems if not paired with reform to Social Security benefits, something neither Trump nor Ms. Harris cares to recognize.”
Newsweek contacted de Rugy and the Trump campaign for comment by email outside normal working hours.