4 Things You Should Know

President Trump promised to end federal taxation of Social Security retirement benefits during his campaign, but has made changes that could impact the program indirectly. He named Michelle King as the acting commissioner of the SSA and put Elon Musk in charge of a temporary organization targeting Social Security. Trump’s actions on inflation, tariffs, and immigration policies could affect future Social Security cost-of-living adjustments, potentially accelerating the depletion of the program’s trust funds.

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