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Does not do.
In the best case, Trump’s claims “No tax tax tax taxes”, or the benefits of the elderly benefits of the elderly if the proposals adopted by the Senate are signed.
Here’s what happened to Trump’s last statements and suggestions.
What did the trump say
During the 2024 campaign, Trump, the voters repeatedly said that he would eliminate taxes on social security. Since the mass legislature passes through the Congress, the President claimed to do the bill of the law.
Trump said in the last look Fox News “Sunday morning futures” taxes for legal “tips, taxes for social security, no time is no tax.”
Temporary tax discount
However, instead of eliminating the tax, the Senate and the house, each of the 65-year-olds, not only part of a temporary tax discount for elderly and only social security, but the temporary tax discount for all revenues.
And it turns out that all social security beneficiaries will not be able to demand. They will not be able to do this, the lowest income elderly who do not pay taxes on social security include those who choose to demand the advantages of those who reach 65 years old and the revenue limit.
The Senate proposal contradicts a temporary $ 6,000 discount for older 65-year-olds, a $ 4,000 discount included in a temporary discount.
Senate proposal Tuesday approved Senate proposal will eliminate social security tax liability for elderly seniors with $ 75,000 or less than $ 150,000.
If the law is adopted, the tax discount will last four years since 2025-2029 since 2029.
Stage of discounts as income increases.
White is affected at home
Something new Analysis of the Council of Economic AdvisorsOn Tuesday, 88% of social security for social security will not pay taxes for social security, and the “$ 6,000 discount of the Senate’s proposal”, including a large discount of $ 33.9 million.
Garrett Watson, the director of the policy analysis in a tax foundation, said that there is no tax tax on the social security of the tax discount, it is associated with many elderly and angry claims waiting for their social security.
“When the extraction provides a little relief for the elderly, he has more than completely canceled the benefits of tax tax,” Watson said.
Economic impact
The cost of actually removing the social security tax will have a mass effect on the economy.
University of Pennsylvania Penn Wharton Budget Model Calculations for social security benefits will increase income taxes, increase in $ 1.5 trillion and increase federal debt by 2054 to 2032 since 2032 since 2032
Discussions on social security taxes, the Congress budget for the budget department for the next 10 years, from 2025 to $ 3.3 trillion since 2025, from 2025 to 2034 to 203 trillion in 2034 to 203 trillion has been part of the gross bill.
Management officials said the price of the tax invoice will be replaced by tariff revenue.
Recently cbo It is also assessed When this Trump’s sweeping tariff plan shrinks the economy, increasing inflation rate and reduces the purchasing power of households, the shortcomings will increase by $ 2.8 trillion.
