Social Security, One Big Beautiful Bill
Digest more
Is Medicare really a target now? With tensions rising all around, between Donald Trump and Elon Musk, the Tariff push and more, Senate Republicans have
7d
Soy Aire on MSNThe Reality Behind Trump's Social Security Tax Proposal: A Closer LookPresident Donald Trump's promise to eliminate Social Security taxes has sparked debate and concern. While he assures tax relief, the legislative reality tells a different story, with temporary deductions for seniors and fiscal implications.
After many months of touting the 'Big, Beautiful Bill,' President Donald Trump finally passed it with the approval of the House and Senate. Read Next: Trump Wants To Eliminate Income Taxes: Here's
If changes are not made to Social Security, the program will have to cut spending by 24% in less than a decade.
Social Security is an important source of income for millions of Americans, but the program has a serious financial problem.
Garrett Watson, director of Policy Analysis at the Tax Foundation, told Just the News that Social Security is on a “rapid path to insolvency” by the mid-2030s if policymakers do not take action to make the program sustainable.
That’s according to a projection released this week by the Congressional Budget Office, which estimated a key Social Security trust fund will run dry in 2034.
The Social Security Administration gets about 390,000 calls per day, and the average wait time for those calls as of April was 68 minutes.
The Congressional Budget Office (CBO) estimates the Social Security Trust Fund -- the financial account that pays benefits to retirees, spouses, survivors, and disabled workers -- will be ...