No, a president cannot single-handedly cut Social Security benefits, as the program is governed by strict, long-standing legislation and funded by dedicated payroll taxes. Altering core benefit formulas requires an act of Congress.
While a president cannot arbitrarily reduce earned benefits, the broader Social Security system faces indirect vulnerabilities:
Congressional Action:
Congress can legally change the laws determining the retirement age, benefit formulas, or payroll tax rates. The Social Security Board of Trustees regularly projects the timeline for trust fund depletion, and if Congress takes no action, automatic, across-the-board cuts to scheduled benefits could be triggered.
Administrative and Budgetary Changes:
Presidents can enact policies that indirectly impact recipients. For example, budget cuts, staff reductions, or office closures can restrict access to services, create massive application backlogs, and delay processing times. Executive actions can also target specific eligibility rules, such as adjustments to Supplemental Security Income (SSI) for disabled adults or low-income seniors.
Tax Policy and Solvency:
While presidents may advocate for tax changessuch as eliminating taxes on Social Security benefits or reducing payroll taxesthese policies can accelerate the depletion of the program's reserves. Because Social Security remains deeply entrenched in U.S. law, any direct changes to your monthly checks require a bill to pass through both the House of Representatives and the Senate. https://www.ssa.gov/OACT/solvency/index.html
The word vulnerabilities exaggerates the reality. He's been trying to get at that pot o' gold since 2020; it didn't work then, it won't work now.
You can track current legislative proposals affecting the program on the Congress.gov legislative database.