Donald Trump, Social Security
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What happened to no tax on social security benefits? This tax plan was pushed through in a different legislative process. Trump has long promised it.
In 1983, with Social Security's asset reserves virtually exhausted, a bipartisan Congress passed, and then-President Ronald Reagan signed, the Social Security Amendments of 1983 into law. This amendment gradually increased the full retirement age and payroll taxation on working Americans, as well as introduced the utterly despised tax on benefits.
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Local News Matters on MSNTrump’s early budget proposals contain clues to mental health priorities — 3 thing to watchSINCE PRESIDENT DONALD TRUMP released his 2026 budget blueprint in early May, calling for $163 billion in federal spending cuts, much of the attention has focused on his slashing of foreign aid and boosting of border security.
The apparent fact that the new Social Security commissioner, up until recently, had no idea what his job entailed does not inspire confidence.
Newly sworn-in Social Security chief Frank Bisignano, who previously was a Wall Street executive, told staffers he had to Google the SSA job when it was offered to him.
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MiBolsilloColombia on MSNTrump changes his stance: Proposed Social Security adjustments during campaign, what's happening now?During his campaign, Trump promised to eliminate taxes on Social Security benefits for seniors. However, the current Republican fiscal proposal tells a different story, offering a modest $4,000 tax deduction instead.