Social Security, Trump and tax
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The consolation prize retirees received from the One Big Beautiful Bill is arguably a bigger win than ending the tax on benefits.
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MeidasTouch News on MSNWhite House Tweet on Social Security Hit With Community NoteThe official White House Twitter account is facing scrutiny after posting a message claiming “No tax on Social Security!” while it promoted the so-called “One Big Beautiful Bill” ahead of the final House vote. The tweet, featuring an image of Trump speaking with supporters, asserts that the bill would eliminate taxes on Social Security benefits.
House Speaker Johnson says President Trump's "big, beautiful bill" will help the GOP in the midterms. Key Senate races are now in the spotlight as Republicans aim to hold their slim majority in 2026.
Taxpayers will see a number of new credits and deductions when they file their taxes in 2026. Here's when other "big beautiful" bill provisions go into effect.
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Key Points President Trump's "big, beautiful bill" includes major changes to federal spending and tax policies.The Congressional Budget Office estimates that the bill could increase the national debt by $3 trillion during the next decade.