Quote:
Originally Posted by VitaMan
Trump repeated claims Thursday evening that the bill eliminates taxes on Social Security—a campaign promise he made before the election—saying at a rally in Iowa that the bill delivered “no tax on Social Security for our great seniors.”
In reality, the bill does not make any direct changes to taxing of Social Security benefits.
The bill does provide an enhanced tax credit for senior citizens ages 65 and older, which provides a maximum tax credit of $6,000 through 2028 that’s calculated based on the taxpayer’s income.
Trump continues to live in his make believe Truth Social world.
He started out trying to do a good thing for seniors. He doesn't have to lie about the result.
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The problem is that this isn’t good for all seniors or the social security system as a whole.
The Social security system is in trouble and needs more revenue not less. Until Congress takes the revenue and the graying of America problem seriously then expect cuts to Social Security payments starting in 2032.
These tax cuts will do nothing but short social security about 30 billion a year.
https://govfacts.org/explainer/how-t...cial-security/
How the “One Big, Beautiful Bill” Impacts Social Security
https://www.census.gov/library/stori...g-america.html
The Graying of America: More Older Adults Than Kids by 2035
Trimp lies about the elimination of tax on Social Security benefits
