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    No Bending the Knee Here

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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    seniors

    401(k) retirement accounts

    Trump's Secret $24 Billion Tax on 401(k) Retirement Accounts

    In a sane world, Trump would be impeached for such a blatantly illegal scheme. But that's not the world we currently live in.

    Dean Baker
    Aug 10, 2026

    You may not have heard about this latest tax from Trump. That could be because he’s not going through Congress to get it. Also, this scam could get buried in the middle of his many other grifting schemes. Trump is starting a new special subscription service to his social media platform, Truth Social, where big investors will pay $100,000 a month for advance access to Trump posts that can move markets.

    This means that the next time Trump posts that he will blow Iran off the map and sends oil prices soaring, the people who paid Trump’s fee will have the opportunity to buy oil futures before the jump. The same story applies on the way down, as when he posts that a deal with Iran’s leaders is imminent.

    Keep ReadingShow Less
    Opinion
    House Speaker Mike Johnson

    As Mike Johnson Floats Social Security Cuts, Trustees Report Shows Harm of Trump Policies

    “MAGA Mike Johnson won’t show the American people his secret plan to eliminate Social Security because he knows Republican policies are wildly unpopular."

    Jake Johnson
    Jun 09, 2026

    Social Security's trustees said in their annual report released Tuesday that the New Deal program will be unable to pay out full benefits by the end of 2032—a quarter earlier than projected last year—in the absence of congressional action, a finding that advocates said underscores the destructive impact of President Donald Trump's policy agenda and the need to make the rich finally pay their fair share into the system.

    “This is the first Social Security trustees report that begins to take Donald Trump’s second term policies into account: A tax bill that largely benefited the wealthy, economy-wrecking tariffs, a needless war with Iran, and hostility to immigrants," said Nancy Altman, the president of Social Security Works. "All of these have reduced the amount of money going into Social Security, weakening the system’s finances."

    Keep ReadingShow Less
    News
    social security
    A postal worker blows a kiss.

    Threats to the Post Office Are Threats to Democracy and Affordability

    The decision to downgrade postal service standards and eliminate evening collections increases the risk of disenfranchising voters and raising costs for families already struggling to pay their bills.

    Sarah Anderson
    Mar 19, 2026

    For over 250 years, Americans have relied on the United States Postal Service for timely processing of their mail, no matter the conditions. After we dropped it in a box or gave it to a letter carrier, we could count on our mail being postmarked on that date so that our bills and tax returns aren’t late and our election ballots are counted.

    Unfortunately, this trust is now increasingly risky—since we can no longer rely on USPS to postmark mail on the day it’s collected.

    Keep ReadingShow Less
    Opinion
    usps
    Protest against new policies imposed on Social Security Administration in Miami

    Trump Is Making Older Americans Unsafe, and He Doesn't Care

    When before has a president been so personally and negatively intrusive in the lives of seniors?

    Beverly Gologorsky
    Nov 13, 2025

    Aging, like time, ticks on, day by hour by day. Then, suddenly, it’s there, mocking our inability to sweep aside, should we even want to, this iron curtain. For seniors, the concept of time itself differs from that of younger people, because the future is in the everyday.

    But aging in a Trumpian world brings fear and destruction as strand by strand of the safety net is plucked away until it’s shredded. And Donald Trump doesn’t care.

    Keep ReadingShow Less
    Opinion
    donald trump
    Anti-Trump 'No Kings' Rally Held In Cities Across US

    The Resistance Has Gray Hair

    Seniors are mobilizing because our lives and the benefits we worked a lifetime to earn are under threat, and we refuse to sit by and watch.

    Rich Fiesta
    Oct 23, 2025

    The right-wing ecosystem has found itself a new punching bag: older Americans.

    In recent days, Republican elected leadership has tried to minimize widespread anti-Trump protests as being driven by “rhythm-less boomers” and “elderly white hippies.” Vice President JD Vance previously dismissed protesters at Washington’s Union Station as “a bunch of old, primarily white people.”

    Keep ReadingShow Less
    Opinion
    seniors
    Senator Warren Holds A Press Conference On Social Security

    Chief Actuary Says Trump-GOP Budget Law Will 'Worsen' Social Security's Finances

    "Republicans have brought Social Security closer to running out of money," said Sen. Ron Wyden. "Every day that goes by makes it clear that the Republican agenda is making Americans sicker and poorer."

    Jake Johnson
    Aug 06, 2025

    The Social Security Administration's chief actuary said Tuesday that the budget package President Donald Trump signed into law last month will harm Social Security's finances, bringing forward the date beyond which the program will no longer be able to pay out full benefits.

    In a letter to Sen. Ron Wyden (D-Ore.), who requested an analysis of the budget law's impact on Social Security's trust funds, Chief Actuary Karen Glenn wrote that the income tax provisions of the Trump-GOP measure "will have material effects on the financial status" of the program.

    Keep ReadingShow Less
    News
    social security
    Scott Bessent

    Bessent Admits Trump Tax Scam Offers 'Backdoor for Privatizing Social Security'

    "Despite their repeated claims they wanted to protect Social Security, the Trump administration said the quiet part out loud," said one critic in response to the billionaire treasury secretary's candid comments.

    Brett Wilkins
    Jul 30, 2025

    U.S. Treasury Secretary Scott Bessent on Wednesday admitted that a provision in Republicans' One Big Beautiful Bill Act is a mechanism for privatizing Social Security—something President Donald Trump has repeatedly said he won't do.

    Speaking at a policy event hosted by the far-right news site Breitbart, Bessent touted the so-called "Trump accounts" available to all U.S. citizen children starting next July under the OBBBA signed by the president earlier this month.

    Keep ReadingShow Less
    News
    social security
    "Hands Off Medicare" sign held up at anti-Trump protest.

    Why We Can't Simply Celebrate Medicare's 60th Birthday

    Let's not allow President Trump and congressional Republicans to shred one of the greatest legacies of LBJ's Great Society.

    Max Richtman
    Jul 30, 2025

    Medicare turns 60 years old today. Former U.S. President Lyndon B. Johnson signed it into law on July 30, 1965, giving seniors a guarantee of health coverage that never existed before. Prior to Medicare's enactment, it was nearly impossible for older people to obtain health insurance, as they were considered a "bad risk."

    Medicare provides universal coverage to Americans over 65 years of age. The law created Medicare Part A as a national hospital insurance program. Part B is a voluntary program for doctor visits and other medical services. Medicare Part C is another name for the privatized, for-profit version of the program called "Medicare Advantage." And Part D is the prescription drug program enacted in 2003.

    Keep ReadingShow Less
    Opinion
    medicare
    U.S. Labor Secretary Lori Chavez-DeRemer

    'Extra Cruel': Trump Admin Ends Job Program for Seniors as Work Requirements Loom

    "Many of our participants are living on the edge of poverty," said the head of one organization impacted by the termination of the Senior Community Service Employment Program.

    Jake Johnson
    Jul 20, 2025

    The Trump administration has reportedly terminated the Department of Labor's only job training program for low-income seniors, a decision that came as older Americans braced for new work reporting requirements under the Republican budget law enacted earlier this month.

    Bloomberg Law reported Friday that the Labor Department "quietly ended" its Senior Community Service Employment Program (SCSEP), which helped low-income Americans aged 55 or older find part-time employment or job training at nonprofits and government agencies. The program, described as a bridge to full-time employment, served tens of thousands of people across the country.

    Keep ReadingShow Less
    News
    seniors
    Sen. Bernie Sanders

    Sanders Proposes 'Pensions for All' as Trump Aims to Open 401(k)s to Private Equity Vultures

    "We can no longer tolerate a rigged retirement system that allows the CEOs of large corporations to receive massive golden parachutes for themselves, while denying workers a pension after a lifetime of work," said Sen. Bernie Sanders.

    Jake Johnson
    Jul 17, 2025

    U.S. Sen. Bernie Sanders introduced legislation Thursday aimed at addressing the nation's retirement security crisis as President Donald Trump reportedly prepared an executive order that would give private equity vultures easier access to the 401(k) plans that have overtaken traditional pensions.

    Sanders' (I-Vt.) Pensions for All Act would require big corporations to either provide their workers with a pension plan that is at least as generous as the one enjoyed by members of Congress or "pay into the federal retirement system at a level that ensures all of their workers receive the same amount of retirement benefits" as lawmakers.

    Keep ReadingShow Less
    News
    retirement
    See More

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