Donald Trump, Beautiful Bill and bigger child tax
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MiBolsilloColombia on MSNA $4,000 bonus for seniors sparks debate over broken promises on Social Security taxesA proposed $4,000 tax break for seniors falls short of Trump’s promise to eliminate Social Security taxes, sparking criticism over unmet commitments.
After the House Budget Committee advanced the One Big Beautiful Bill on Sunday, lawmakers met Monday to lessen some cuts to federal workers’ retirement benefits, by delaying and grandfathering in implementation of some new proposals.
House Republicans' "one, big, beautiful" tax bill includes a new perk for older adults: a $4,000 deduction, framed as a "bonus." The deduction would be available to individuals ages 65 and over who meet certain income and other requirements.
Donald Trump’s latest Social Security proposal includes raising the full retirement age and breaking past promises not to touch the program. Here’s what it means for future retirees.
Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.
A foundational change to Social Security presented by President Trump would fundamentally weaken the program's financial outlook
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,
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.
Social Security's trust fund is in danger of insolvency by 2035 unless strong measures and changes are undertaken.