Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:
President-elect Donald Trump is set to take office on Jan. 20, and while many Americans are excited about the changes he may make in his second term, others remain anxious. One of the issues that many seniors will be keeping a close eye on over the next four years is Social Security,
Francois Melese warned in a recent op-ed of the damaging effects of Trump's plan to end Social Security taxes.
In 1983, when Social Security's asset reserves were running dangerously low, Congress passed and then-President Ronald Reagan signed the Social Security Amendments of 1983 into law. In addition to gradually increasing the payroll tax on earned income, as well as the full retirement age, it introduced the now-hated taxation of benefits.
Donald Trump said during the campaign that he'd fire federal workers who won't return to the office and also challenge a Biden-era deal on the issue.
President-elect Donald Trump has made a bold promise to eliminate federal taxes on Social Security benefits. For millions of retirees, it’s an enticing idea, conjuring visions of bigger monthly checks and greater financial freedom.
President Donald Trump's flurry of day-one actions included a reprieve for TikTok, the creation of a Department of Government Efficiency (DOGE), an order on social media "censorship," a declaration of an energy emergency, and reversal of a Biden order on artificial intelligence.
The Democratic National Committee ( DNC) is going on the offense against President Donald Trump just two days into his second term, blasting the 45th and 47th President over what they say is a plan to follow through on the controversial Project 2025 agenda, including by cutting Social Security, Medicare and Medicaid.
President-elect Donald Trump has proposed eliminating taxes on Social Security benefits for seniors. Currently, up to 85% of benefits are taxed for many recipients, depending on their combined income.
President Donald Trump signed an executive order to further delay the TikTok ban in the U.S. In a statement shared hours after he was sworn in on Monday, Jan. 20, Trump announced he was giving TikTok 75 more days before a law banning the social media platform in the U.S. would take effect.