Trump Vows to Cut Taxes on Social Security in Bid to Woo Seniors

News August 01, 2024 at 12:17 PM
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What You Need To Know

  • Such a move would cut levies for some elderly Americans but could further strain benefits for pre-retirees.
  • Wiping out those levies might increase the deficit by up to $1.8 trillion through 2035.
  • He's also pledged to renew his 2017 cuts on individuals and small businesses, which are set to expire next year.
Former President Donald Trump speaks at the Bitcoin 2024 conference in Nashville on July 27, 2024.