Social Security, Big Beautiful Bill
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Soy Nómada on MSNOne, Big, Beautiful Bill does not eliminate Social Security taxes, instead proposes this alternativeThe Trump administration's 'One, Big, Beautiful Bill' promised to end Social Security taxes. However, it doesn't eliminate them but introduces new deductions for seniors, effectively reducing taxes for many.
Given that the "big, beautiful bill" is nearly 900 pages long, these changes are just the tip of the iceberg. As new portions of the law are put into motion and more Americans experience the policies for themselves, there are sure to be thousands of stories highlighting their impact on everyday lives -- both positive and negative.
The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income taxes on their benefits. Instead, the bill provides a temporary tax deduction some are calling a "senior bonus.
2don MSN
During a press conference on Thursday, House Minority Leader Hakeem Jeffries (D-NY) spoke about cuts to Medicare in the Big Beautiful Bill and planned cuts to Social Security.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
Partisans will disagree over how "beautiful" President Donald Trump’s "Big Beautiful Bill" is. But there’s little question that Trump’s signature tax and spending legislation is "big." Since Trump signed the legislation July 4,