News · Press Release

CAUGHT: Top Republican Admits That Big, Ugly Law is really a “backdoor for privatizing Social Security”

Despite telling lies and making false claims regarding their plans for Social Security, Trump Treasury Secretary Scott Bessent proudly admitted today that the Republican plan for Social Security is to privatize it, and step one was passing the Big, Ugly Law.

Bessent, when talking about the so-called ‘Trump accounts’ created in the Big, Ugly Law, said that they are in fact:

“…a backdoor for privatizing Social Security.”

Since day one of the Republican trifecta, House Republicans and the Trump administration have broken their promise to protect Social Security. Instead, they’ve worked relentlessly to tear it downshutter regional offices, and lay off critical support staff.

DCCC Spokesperson Viet Shelton:
“The American people are quickly souring on House Republicans’ extreme agenda that sells out working families to pay for massive giveaways for their billionaire backers. Now that the administration is bragging about their scheme to dismantle Social Security, vulnerable House Republicans who fell in line to support the Big, Ugly Law will lose their jobs, and the majority, next year.”

###





Please make sure that the form field below is filled out correctly before submitting.