Because of Donald Trump’s disastrous stewardship of our economy, the Social Security Board of Trustees estimates that Social Security’s trust funds will now run out in 2032. That date will come after Donald Trump has left the White House.

Senators, on the other hand, serve six-year terms―which means that this year’s class of Senators will have a say in how we stop an over 20 percent cut to Social Security’s earned benefits.

As a reminder: Social Security currently has a $2.6 trillion trust fund, amassed over the years when the amount Americans paid in with every paycheck exceeded the amount that was paid out in benefits. In years when benefits exceed contributions, the trust fund covers the difference. This is crucial, because by law, Social Security cannot―and does not―add even a penny to the deficit.

This shortfall has been a long time coming. In 1983, a bipartisan reform prepared for the decades-away retirement of the large baby boom generation by building up Social Security’s trust funds. Those politicians knew that baby boomers would retire eventually―but they didn’t know that income inequality would become a yawning chasm, where virtually all income gains went to people earning above the $184,500 cap on Social Security contributions. This chasm is what we didn’t plan for―not the surge in retirements.

That’s why we believe that the solution to the looming crisis isn’t benefit cuts―it’s making the wealthy finally pay their fair share.

Scaremongers want you to think that when the trust fund is exhausted, Social Security is ‘bankrupt’―but that’s a lie. As long as people are paying into Social Security, which happens automatically with every paycheck, Social Security will be able to pay about 75% of promised benefits. Of course, that’s not good enough. And it doesn’t have to be if the uber-wealthy start paying their fair share.

One way or another, someone will have to pay. Almost half of today’s Social Security beneficiaries say that they rely on those benefits for all or most of their income.¹

The ultra-wealthy know that this is looming―which is why they’re spending so much money backing Super PACs that will try to elect candidates who pledge never to tax them.

We need EVERY Senate candidate to go on the record. Will they support Social Security cuts, or will they tax the rich? Use our simple tool to message every candidate running for Senate this year to get on the record.

Click ‘start writing’ to load a sample message to every candidate running for the Senate this year.

¹ https://www.pewresearch.org/short-reads/2025/05/20/what-the-data-says-about-social-security/