Social Security Advocates Warn of Dire Consequences From Trump's Budget Cuts

Budget cuts to Social Security "lead to field office closures, long hold times on the 800 number, and a huge backlog for disability claims," Benesch said. "It makes it more difficult for the American people to claim their earned benefits — exactly the opposite of what Trump promised to do."

Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, said in a Monday statement that the administration "wants to slash $478 billion from Medicare over a decade, which could compromise health care access for millions of seniors." The budget would also "gut Medicaid with some $1 trillion in cuts over 10 years, undermining older Americans' access to long-term care."

Trump's fiscal 2021 budget also cuts $1 trillion from Medicaid and Affordable Care Act subsidies over 10 years.

Senate Finance Committee ranking member Ron Wyden, D-Ore., said in a Monday statement that Trump "started this con with his 2016 campaign promises not to touch Medicare, Medicaid and Social Security, and now he wants to cut them by more than $1.5 trillion. Bottom line, Medicare, Medicaid and Social Security are on the chopping block as long as Donald Trump is president."

— Related on ThinkAdvisor:

• Trump's Budget Would Raise College Costs for Most Borrowers
• Social Security, Medicare 'Easiest' to Cut, Trump Says