Trump, Republicans and Social Security
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Soy Nómada on MSNWhat happened to Trump's promise to eliminate taxes on Social Security?During his campaign, Trump vowed to eliminate taxes on Social Security benefits for retirees. However, the current proposal offers a modest $4,000 deduction, falling short of expectations.
Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.
Major Social Security changes under President Trump include raising the retirement age, taxing more income, and reshaping benefits. Here's what it means for Americans.
Concerns that job cuts and policy changes could threaten their benefits seem to be prompting a wave of people to sign up now even though waiting can be lucrative.
President Trump's spending and tax plan, which is officially titled "one, big, beautiful bill," was recently released. This gave Americans key details about how Trump plans to not only extend the tax cuts passed during his first term but to give middle-class Americans and seniors additional tax relief.
The House passed a sweeping Trump-backed bill that could strip Medicaid from over 7 million Americans. Here's what you need to know.
The proposal in the House's spending and tax cut plan, which Trump supports, offers a deduction for seniors worth a small fraction of what he repeatedly promised.
Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's monthly benefit until the overpayment is recovered in full. The president nominated Frank Bisignano to become the new SSA commissioner.
Social Security commissioner Frank Bisignano told Fox News on Sunday that eliminating waste, fraud and abuse and saving the agency from insolvency are key priorities.
The House passed a sweeping piece of legislation that will eliminate tax on tips. More Americans oppose it and disapprove of Trump's job performance.