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Trump’s promise to end social security tax falls short

Myfirst1

Myfirst1

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2 min read
Trump’s promise to end social security tax falls short
When Donald Trump ran for president, he promised to stop taxing Social Security benefits, a move that excited many retirees hoping to keep more of their monthly payments. However, his recent major bill, often called the "One, Big, Beautiful Bill," doesn’t include this change. Instead, it offers a temporary boost to a deduction for some retirees, leaving many feeling let down. Trump’s plan to end the tax would have helped retirees hold onto more of their benefits, which are critical for many to cover daily expenses.

But removing this tax could strain Social Security’s already tight budget, possibly leading to faster depletion of its funds and deeper cuts to benefits down the road. Lawmakers seem to have chosen a middle ground by increasing the deduction instead of scrapping the tax entirely. For retirees, every dollar from Social Security counts, especially for those relying on it as their main income. The temporary deduction hike might ease some financial pressure, but it’s not the full relief Trump promised.

As the bill moves through Congress, retirees are watching closely, hoping for changes that better support their needs. This shift from Trump’s original vow highlights the tough balance between keeping campaign promises and managing the country’s finances. While the deduction boost offers some help, it falls short of the bold change many retirees expected.