Trump, Social Security and Beautiful Bill
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The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.
A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will benefit the most.
The House version of the One Big Beautiful Bill Act (OBBB) was set to make Health Savings accounts (HSAs) more accessible and useful to those aged 55 and over, such as allowing those still employed and enrolled in Medicare Part A to continue to make contributions to their HSAs.
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Soy Nómada on MSNThe 'One Big Beautiful Bill': A Poisoned Gift for U.S. Pensions?The 'One Big Beautiful Bill' promises tax relief for retirees, but could it worsen the financial health of the U.S. Social Security system? This legislative proposal, backed by President Trump, may offer short-term benefits with significant hidden costs.