President Donald Trump is wasting no time making changes. So far, he hasn't made good on his promise to eliminate Social Security benefit taxes, but his term has only just begun. Some seniors are eager to see this tax eliminated so they can have more spending money today.
Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:
Unclear if sweeping executive order will affect Medicaid and other federal assistance programs for older Americans.
Democrats are planning to fight President Donald Trump's efforts to pause federal grants and loans. The court battle will likely begin with a lawsuit from the New York attorney general.
President Donald Trump's tax proposals are reigniting concerns about the future of Social Security. During his campaign for the presidency, Trump proposed tax cuts to benefit workers and small businesses – but critics warn these changes could accelerate Social Security's financial challenges,
Both current and future retirees are counting on their elected officials -- including incoming President Donald Trump -- to strengthen Social Security. With Trump preparing to be sworn in for his ...
President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.
As a candidate, Mr Trump promised that he would “shatter the deep state”. Since taking office, it has become more clear what he meant. In a barrage of executive orders, Mr Trump has asserted that he can do just about whatever he likes to the federal government.
The big problem with Trump's proposal to eliminate Social Security's income taxes on benefits is that those taxes are one of just three critical funding sources for the program. The other two are the payroll taxes that workers pay and the interest income on the program's trust funds.
The two-page memo, which is set to take effect on Tuesday night, could impact lower-income households that rely on Medicaid, school breakfast and lunch programs; and the Special Supplemental Nutrition Program for Women,
Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security benefits, and impose tariffs to boost the US economy.