Social Security, Tax Law and Beautiful Bill
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During his campaign, Trump promised to eliminate federal taxes on Social Security benefits. While that measure was cut from the final bill, the majority of seniors are still set to receive a tax break.
President Donald Trump has vowed not to cut Social Security benefits, and it's easy to understand his position: Proposing even modest reforms to the entitlement program represents a likely path to early retirement for even the most popular politician.
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Explícame on MSNTrump Administration demands repayment of Social Security overpayments... from those who can't afford itSocial Security cuts hit poor and elderly hardest and thousands of Americans will lose half of their living income.
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire in at the end of 2028.
Live updates and the latest news as the Trump administration is expected to announce new trade actions and Pete Hegseth and Benjamin Netanyahu meet
A ruling from the Supreme Court on Tuesday allowed the administration of President Donald Trump to proceed with plans for mass layoffs of federal workers. The plans had been held up thanks to a lower court order blocking the effort. The Supreme Court overruled that order, clearing the way for Trump’s plans to move forward.
President Donald Trump will meet with his Cabinet at the White House at 11 a.m. Tuesday for the first time after signing the One Big Beautiful Bill Act late last week. Trump signed the sweeping legislation on Friday’s Fourth of July holiday,
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