Reported about 2 months ago
Donald Trump's suggestion to exempt Social Security benefits from income tax may appear beneficial politically, but it poses significant risks to both Social Security and Medicare. Tax experts warn that the proposal could accelerate the depletion of reserve funds for these programs, resulting in larger cuts to benefits and more chaos in healthcare for seniors. Furthermore, the plan could add $1.6 trillion to the national deficit with minimal economic benefits, potentially increasing elderly poverty rates and jeopardizing access to essential healthcare services.
Source: YAHOO