Social Security No Taxes Message on Trump Bill Raises Eyebrows
UNITED STATES, JUN 30 – The bill offers a temporary tax deduction for seniors 65 and older, benefiting nearly 90% of Social Security recipients but not fully eliminating taxes on their benefits.
- On July 4, President Donald Trump claimed the bill eliminated taxes on Social Security benefits, but the law only provides a temporary $6,000 deduction for seniors from 2025–2028.
- Trump's campaign promise to eliminate taxes on Social Security benefits was blocked by the Byrd Rule, leading to a temporary $6,000 deduction for seniors from 2025–2028.
- White House analysis shows the deduction increases non-taxable beneficiaries from 64% to 88%, saving $30 billion annually and boosting seniors' after-tax income by an average of $670.
- CRFB analysis states the deduction accelerates trust fund depletion by one year to 2032, deepening benefit cuts by about 1%, as critics call emails 'unconscionable' and misleading.
- In the long term, Penn Wharton estimates the bill could reduce revenues by $1.5 trillion over 10 years, increasing debt and hastening trust fund depletion by 2032, raising concerns about Social Security's solvency.
128 Articles
128 Articles
Letter to the editor: Opinionated letter from Social Security
I received a letter from Social Security Administration, assumably along with every other recipient championing Trump's Big Beautiful Bill. Now to be honest, the letter did not state exactly as such, but the intent was undeniably clear: Telling me how…
What Trump’s One Big Beautiful Bill Act means for taxes on Social Security
In the hours after Congress passed President Trump’s megabill, an email from the Social Security Administration hit the inboxes of many Americans. It applauded the legislation’s passage and said it includes a provision that “eliminates federal income taxes on Social Security benefits for most beneficiaries.”But experts say the email was misleading and that what’s really in the new law is a bit more complicated.What’s in the new law?Trump campaig…
Millions get 'misleading' email from Social Security after 'unprecedented' law
MILLIONS of Americans have received a potentially misleading email from bosses over at the Social Security Administration. The message comes in the wake of a landmark law being passed under President Donald Trump’s administration. GettyThe Social Security Administration send out a controversial message in the wake of a law passed by the Trump administration[/caption] The SSA sent out a misleading email to beneficiaries and other Americans last w…
Coverage Details
Bias Distribution
- 66% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium