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Washington Wants to Make Big Social Security Changes That May Hurt Retirees

25 May 2025
in Business
Washington Wants to Make Big Social Security Changes That May Hurt Retirees
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President Trump proposed exempting Social Security from federal income tax during his campaign, and recent legislation aimed at this goal has been introduced in Congress. He also urged Congress to pass a comprehensive tax and spending bill that includes significant tax cuts, emphasizing no taxes on tips, Social Security, or overtime. However, such substantial changes to tax law could negatively impact retired workers who rely on Social Security benefits.

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Tags: BigHurtretireessecuritySocialWashington
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