Sunday, July 6, 2025

Trump says the Republican mega bill will eliminate taxes on Social Security. It does not

 https://www.pbs.org/newshour/politics/trump-says-the-republican-mega-bill-will-eliminate-taxes-on-social-security-it-does-not

 President Donald Trump keeps saying that Republicans’ mega tax and spending cut legislation will eliminate taxes on federal Social Security benefits.

It does not.

At best, Trump’s “no tax on Social Security” claim exaggerates the benefits to seniors if either the House or Senate-passed proposals is signed into law.

Trump said on a recent appearance on Fox News’ “Sunday Morning Futures” that the bill includes “no tax on tips, no tax on Social Security, no tax on overtime.”

But instead of eliminating the tax, the Senate and House have each passed their own versions of a temporary tax deduction for seniors aged 65 and over, which applies to all income — not just Social Security.


No comments :

Post a Comment

ANONYMOUS COMMENTS WILL NOT BE POSTED!
please use either your real name or a pseudonym.