Social Security turned 90 Thursday and President Donald Trump marked the occasion by signing a proclamation.
“On the 90th anniversary of the establishment of this historic program, I recommit to always defending Social Security, rewarding the men and women who make our country prosperous, and taking care of our own workers, families, seniors and citizens first,” Trump said, per The Hill.
“To this day, Social Security is rooted in a simple promise: those who gave their careers to building our Nation will always have the support, stability, and relief they deserve. Thanks to my Administration’s efforts, Social Security now stands stronger and more resilient than ever before,” the proclamation read.
The president took time to tout his his “big, beautiful” tax law, which is designed to provide relief to senior citizens.
He said the new law would allow the “largest tax break for seniors in the history of our country.” He also praised his administration for getting rid of “fraud, waste and abuse.”
The One Big Beautiful Bill Act was signed by Trump in July and gave a temporary $6,000 tax deduction for those who reached 65.
Some experts say it will likely have a larger impact on those in the upper-middle class than those on the lower end.
“You reported it all the time. In four or five years, it’s going to go bust, but not anymore, it’s not,” he Trump.
However, Trump’s law could speed up the program’s insolvency. That is according to an analysis from the administration’s chief actuary for the program.
The administration also plans to the agency’s workforce.
Frank Bisignano, commissioner of the Social Security Administration (SSA), also attended the event.
He vowed that Social Security would move to become “digital first.”
“This will be a digital first agency, and we are building My SSA accounts, that’s the digital account, and we have a bold goal of 200 million Americans to have a digital SSA account by the end of next year,” he said. “It will happen, just like we had a bold goal of single-digit wait time on the calls when they were at 40 minutes.”
“You should expect this to be a great digital first agency. My commitment to make this happen is as deep as the president’s commitment to make the world a great place,” Bisignano said. “Social Security will be great again.”
