Trump's Social Security and Retirement Plans: What to Expect
TL;DR Summary
President-elect Donald Trump aims to eliminate the taxation of Social Security benefits, a move popular among seniors but facing significant challenges. Despite Republican control of Congress, removing this tax would cut a crucial income source for Social Security, potentially hastening its financial shortfall. Additionally, achieving the necessary bipartisan support in the Senate seems unlikely, making changes to Social Security taxation improbable in 2025.
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