Neal Statement on Bessent’s Comments to Privatize Social Security

SPRINGFIELD, MA—Following Treasury Secretary Scott Bessent’s admission that so-called ‘Trump Accounts’ are a backdoor to privatizing Social Security, Ways and Means Committee Ranking Member Richard E. Neal (D‑MA) issued the following statement:

“Today, the Treasury Secretary said the quiet part out loud: Republicans’ ultimate goal is to privatize Social Security, and there isn’t a backdoor they won’t try to make Wall Street’s dream a reality. For everyone else though, it’s yet another warning sign that they cannot be trusted to safeguard the program millions rely on and have paid into over a lifetime of work.”

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