Trump, Tax and Beautiful Bill
Digest more
53m
Soy Nómada on MSNSeniors offered $4,000 bonus, but where is the promised Social Security tax cut?A proposed $4,000 tax break for seniors falls short of Trump's promise to eliminate Social Security taxes, sparking criticism over unmet commitments.
Trump's big beautiful bill gets crucial vote to move on. What to know about reconciliation bill details: no tax on tips, overtime or Social Security.
The House of Representatives is advancing the "One Big Beautiful Bill Act," a comprehensive tax and spending package that includes several provisions directly affecting senior citizens. While the bill offers certain tax benefits for older Americans, it also proposes cuts to programs that many seniors rely on.
A large tax cut, as well as more money for defense and immigration enforcement, would be financed by slashing health, nutrition, education and clean energy programs.
The proposal in the House's spending and tax cut plan, which Trump supports, offers a deduction for seniors worth a small fraction of what he repeatedly promised.
During the marathon Ways and Means Committee meeting scrutinizing the new Republican tax bill, Rep. John Larson (D-Conn.) asked Joint Committee on Taxation Chief of Staff Thomas Barthold about key details,
The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.