Trump, Social Security and Federal Taxes
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T he first few months of President Donald Trump's second term have brought a flurry of Social Security changes that may have left you feeling anxious and a little confused. So far
Retirees are paying the agency $100 for certified earnings records because "they're afraid of our systems going down."
13don MSN
President Donald Trump said public entitlements, such as Social Security and Medicaid, will not be touched in the GOP's contentious new budget bill currently working its way through Congress, during a town hall Tuesday night hosted by NewsNation.
If Trump really wants to prevent massive cuts in benefits for the seniors who need Social Security most, he needs to push Congress to act now before it's too late. If he and his successors fail to act, cuts will go into effect automatically and indiscriminately. That's going to upset a lot of voters.
That involuntary collection activity could have serious consequences on those who rely on the benefits to pay most, if not all, of their bills, consumer advocates say.
Millions of recipients could soon be entitled to the tax break, should the provision make its way into the final bill.
Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's monthly benefit until the overpayment is recovered in full. The president nominated Frank Bisignano to become the new SSA commissioner.
Social Security's cost-of-living adjustment for 2026 could be 2.4%, up from last month's forecast for 2.2%, according to an independent analyst.
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