Mixed Messages and Key Details in Trump’s Tax and Social Security Legislation

President Trump claimed his domestic policy bill eliminates taxes on Social Security benefits, but in reality, it only provides a new tax deduction for seniors aged 65 and older that is not tied to their benefits. The bill does not directly change Social Security taxation and could accelerate the program's insolvency, which is projected to occur in 2032. The proposed tax deduction benefits middle and lower-income seniors more than eliminating taxes on benefits, which remains politically challenging.