Reported 2 months ago
Donald Trump's proposal to eliminate taxes on Social Security benefits has raised alarms among think tanks like the Committee for a Responsible Federal Budget and the Tax Foundation, which warn it may hasten the insolvency of Social Security and Medicare. They argue that reducing federal revenue through this tax cut could shorten the programs' lifetimes, contradicting Trump's assurances that he will protect them. Critics emphasize that the benefits of this tax cut would mostly favor wealthier seniors, potentially worsening income inequality among the elderly.
Source: YAHOO