Social Security, tax and Beautiful Bill
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Many Americans received an email from the Social Security Administration applauding the megabill's passage. Experts say it was misleading.
The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income taxes on their benefits. Instead, the bill provides a temporary tax deduction some are calling a "senior bonus.
President Donald Trump will meet with his Cabinet at the White House at 11 a.m. Tuesday for the first time after signing the One Big Beautiful Bill Act late last week. Trump signed the sweeping legislation on Friday’s Fourth of July holiday,
A Washington Post article reprinted in the Star Tribune (“Social Security email raises eyebrows,” July 6) held the Social Security Administration accountable for a less-than-accurate email stating the Big Beautiful Bill eliminated federal income taxes on Social Security benefits.
The Big Beautiful Bill, officially signed into law on July 4, makes major changes to the tax code this year. After significant jaw-boning and contentious debate, President Donald Trump successfully won enough support in the House and Senate to usher the 900-plus page One Big Beautiful Bill Act across the finish line.
When Americans can no longer trust the information it receives from the Social Security Administration, there's a problem.
1don MSN
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.