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Social Security is one of the biggest issues politicians in Washington must address in the next few years. Many retirees are feeling the pressure on their budgets due to rising inflation, despite automated cost-of-living adjustments for their monthly benefits.
The US budget bill could impose a tax of up to 20% on US-sourced income received by foreign investors. The provision of the bill, which has raised concerns within the EU, is currently part of the ongoing negotiations on tariffs,
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Trump wants ‘big beautiful’ spending bill passed ASAP. So why is Mike Johnson still messing with it? - Legislation technically has not been sent over to the Senate yet as Democrats urge Republicans to
But there is one financially sound reason Trump chose to break this popular promise and leave "no tax on Social Security" out of the One, Big, Beautiful Bill: It would have substantially worsened the program's long-term outlook.
President Donald Trump's "big, beautiful bill" includes more than tax breaks and spending cuts — it also seeks to pour billions of dollars into his mass deportation agenda.
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CNET on MSNTrump's 'One Big Beautiful Bill' Could Change Your Taxes and Kick Millions Off MedicaidThe GOP's contentious budget bill was approved by the House by the narrowest possible margin last month, and was recently lambasted by former Trump advisor Elon Musk.
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Despite efforts by House Speaker Mike Johnson to alleviate Musk’s concerns over the One Big Beautiful Bill Act, Musk continued a series of X posts warning that the tax legislation would bankrupt the country. “Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL,” Musk wrote.
U.S. Sen. Bill Cassidy joined Republican senators for a White House meeting where President Donald Trump hoped to shore up support for the One Big Beautiful Bill Act.