WASHINGTON - Social Security funds would run out as early as 2023 if President Donald Trump opts to permanently cut payroll taxes and there is no alternative source of revenue, according to an estimate from the chief actuary of the Social Security Administration.The estimate was done in response to a request by four Democratic senators who asked the agency to conduct an analysis on the numbers after Trump said he would permanently cut payroll taxes if he’s reelected.Trump previously announced the federal government would defer employee payroll tax collections for the rest of 2020, aimed at boosting an economy rattled by the pandemic and an attempt to bypass Congress after talks on a broader coronavirus relief bill have stalled.During a news.
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