Social Security Administration praises Trump's One Big Beautiful Bill Act that eliminates income taxes on benefits for 90% of recipients

The 'One Big Beautiful Bill' has stirred debates over its impact on Social Security benefits. Despite promises to eliminate taxes on these benefits, the current legislation falls short. Instead, it introduces a temporary 'senior bonus' deduction,

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

The Penn Wharton Budget Model found that eliminating income taxes on Social Security would cost $1.5 trillion over the next decade and speed up the program’s projected insolvency date to 2032.

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.

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 exhausted ...

Social Security checks are going to be a lot smaller in 10 years unless Congress changes something ... That’s according to a projection released this week by the Congressional Budget Office, ...

Social Security is an important source of income for millions of Americans, but the program has a serious financial problem.

The Congressional Budget Office, ... Similarly, tax on Social Security was a campaign issue for Trump. On July 31, 2024, the then-candidate posted on his Truth Social Network: ...