Social Security Administration sends misleading email lauding Trump's new tax cuts law [View all]
Source: NBC News
"The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation’s economy,” said the email, which multiple beneficiaries shared with NBC News.
But it does not eliminate federal taxes on Social Security. Budget reconciliation, the arcane process Senate Republicans used to pass the bill while avoiding a Democratic filibuster, does not allow changes to be made to Social Security.
The Trump package does, however, include a temporary tax deduction of up to $6,000 for seniors ages 65 and older, and $12,000 for married seniors. Trump’s Council of Economic Advisers argued last month that nearly 9 in 10 seniors would not pay any federal taxes on their Social Security benefits because the new deduction would eliminate their tax burden.
“This email went to every Social Security subscriber and every word of it is a lie. Social Security benefits are still taxed. This big, ugly bill doesn’t change that,” New Jersey Rep. Frank Pallone, the top Democrat on the Energy and Commerce Committee, wrote on X. “It’s disturbing to see Trump hijack a public institution to push blatant misinformation.”
Read more: https://www.nbcnews.com/politics/trump-administration/social-security-administration-sends-misleading-email-lauding-trumps-n-rcna216990
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