The Truth About Trump’s Tax Bill—and Your Social Security

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<p><strong><span>Friends—</span></strong></p><p>You may have seen an <a href="https://www.kiplinger.com/taxes/social-security-email-on-big-beautiful-bill-tax-changes-sparks-confusion#:~:text=July%203%20email%20from%20Social%20Security%20about%20Trump%20tax%20cuts" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.kiplinger.com%2ftaxes%2fsocial-security-email-on-big-beautiful-bill-tax-changes-sparks-confusion%23%3a%7e%3atext%3dJuly%25203%2520email%2520from%2520Social%2520Security%2520about%2520Trump%2520tax%2520cuts&redir_log=476185420671233">email from the Social Security Administration (SSA)</a> claiming that Trump’s new tax and spending bill <a href="https://www.kiplinger.com/taxes/social-security-email-on-big-beautiful-bill-tax-changes-sparks-confusion#:~:text=July%203%20email%20from%20Social%20Security%20about%20Trump%20tax%20cuts" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.kiplinger.com%2ftaxes%2fsocial-security-email-on-big-beautiful-bill-tax-changes-sparks-confusion%23%3a%7e%3atext%3dJuly%25203%2520email%2520from%2520Social%2520Security%2520about%2520Trump%2520tax%2520cuts&redir_log=476185420671233">eliminates federal </a><a href="https://www.kiplinger.com/taxes/social-security-email-on-big-beautiful-bill-tax-changes-sparks-confusion#:~:text=July%203%20email%20from%20Social%20Security%20about%20Trump%20tax%20cuts" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.kiplinger.com%2ftaxes%2fsocial-security-email-on-big-beautiful-bill-tax-changes-sparks-confusion%23%3a%7e%3atext%3dJuly%25203%2520email%2520from%2520Social%2520Security%2520about%2520Trump%2520tax%2520cuts&redir_log=476185420671233"> income taxes</a> on Social Security benefits for most seniors.</p> </div>
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<p class="x_x_MsoNormal"><strong><span>Here are the facts:</span></strong> The bill Republicans recently passed and Trump signed into law does not<a href="https://taxpolicycenter.org/taxvox/correcting-social-security-administration-about-big-budget-bill?utm_source=chatgpt.com#:~:text=Neither%20assertion%20is%20true.%20And%20both%20may%20add%20to%20the%20confusion%20many%20older%20adults%20already%20feel%20about%20the%20complex%20retirement%20insurance%20program.%20%C2%A0" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2ftaxpolicycenter.org%2ftaxvox%2fcorrecting-social-security-administration-about-big-budget-bill%3futm_source%3dchatgpt.com%23%3a%7e%3atext%3dNeither%2520assertion%2520is%2520true.%2520And%2520both%2520may%2520add%2520to%2520the%2520confusion%2520many%2520older%2520adults%2520already%2520feel%2520about%2520the%2520complex%2520retirement%2520insurance%2520program.%2520%25C2%25A0&redir_log=733181317392097"> eliminate taxes on Social Security benefits.</a> Instead, it introduces a temporary, income-based <a href="https://taxpolicycenter.org/taxvox/correcting-social-security-administration-about-big-budget-bill?utm_source=chatgpt.com#:~:text=How%20the%20changes%20work" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2ftaxpolicycenter.org%2ftaxvox%2fcorrecting-social-security-administration-about-big-budget-bill%3futm_source%3dchatgpt.com%23%3a%7e%3atext%3dHow%2520the%2520changes%2520work&redir_log=991867998961075">standard deduction</a> for people over 65—regardless of income type.</p><p><strong>But more than half of Social Security recipients</strong>—low-income retirees, disabled workers, survivors—<a href="https://taxpolicycenter.org/taxvox/correcting-social-security-administration-about-big-budget-bill?utm_source=chatgpt.com#:~:text=But%20that%20tax%20reduction%20would%20benefit%20fewer%20than%20half%20of%20older%20adults%2C%20the%20Tax%20Policy%20Center%20estimates.%C2%A0" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2ftaxpolicycenter.org%2ftaxvox%2fcorrecting-social-security-administration-about-big-budget-bill%3futm_source%3dchatgpt.com%23%3a%7e%3atext%3dBut%2520that%2520tax%2520reduction%2520would%2520benefit%2520fewer%2520than%2520half%2520of%2520older%2520adults%252C%2520the%2520Tax%2520Policy%2520Center%2520estimates.%25C2%25A0&redir_log=509910008931778">already pay no federal income tax on their benefits</a> and thus <strong>will not benefit from this new deduction.</strong></p><p>Additionally, this policy will <a href="https://taxpolicycenter.org/taxvox/correcting-social-security-administration-about-big-budget-bill#:~:text=In%20addition%2C%20to%20the%20degree%20the%20bill%20does%20cut%20taxes%20on%20Social%20Security%20benefits%2C%20it%20would%20accelerate%20the%20insolvency%20of%20Social%20Security%20as%20well%20as%20Medicare%20Part%20A%20hospital%20insurance.%20The%20Social%20Security%20benefit%20tax%20helps%20fund%20both%20trust%20funds." rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2ftaxpolicycenter.org%2ftaxvox%2fcorrecting-social-security-administration-about-big-budget-bill%23%3a%7e%3atext%3dIn%2520addition%252C%2520to%2520the%2520degree%2520the%2520bill%2520does%2520cut%2520taxes%2520on%2520Social%2520Security%2520benefits%252C%2520it%2520would%2520accelerate%2520the%2520insolvency%2520of%2520Social%2520Security%2520as%2520well%2520as%2520Medicare%2520Part%2520A%2520hospital%2520insurance.%2520The%2520Social%2520Security%2520benefit%2520tax%2520helps%2520fund%2520both%2520trust%2520funds.&redir_log=249002510352788">accelerate the depletion</a> of the Social Security Trust Fund, putting Social Security even further <a href="https://taxpolicycenter.org/taxvox/correcting-social-security-administration-about-big-budget-bill#:~:text=In%20addition%2C%20to%20the%20degree%20the%20bill%20does%20cut%20taxes%20on%20Social%20Security%20benefits%2C%20it%20would%20accelerate%20the%20insolvency%20of%20Social%20Security%20as%20well%20as%20Medicare%20Part%20A%20hospital%20insurance.%20The%20Social%20Security%20benefit%20tax%20helps%20fund%20both%20trust%20funds." rel="noopener external noreferrer" target="_blank">at risk of insolvency for everyone.</a></p><p><strong><span>But put aside the misleading information.</span></strong></p><p>More importantly, overall, policies in this bill are going to <a href="https://budgetlab.yale.edu/research/distributional-effects-selected-provisions-house-and-senate-reconciliation-bills" rel="noopener external noreferrer" target="_blank"> hurt everyday Americans and families.</a></p><p>Just take health care, for instance.</p><p>Trump’s bill makes the <a href="https://www.wsj.com/health/healthcare/medicaid-cuts-healthcare-trump-bill-7236d5e6?gaa_at=eafs&gaa_n=ASWzDAjB399gJ0j3gFByaTRCc_19mT9SoPdX0T4z0Yv7pX3oaodktOoFGhEJ&gaa_sig=RpDfRxzr3DDcPLmRobDOYN_VkR6NiTgZ_SIg4JQNgRjKkbeWxO1lYsMcOsMu9LHouuyGuxXOVmFchYEH7Z4-0w%3D%3D&gaa_ts=687173b9&utm#:~:text=It%20is%20the%20biggest%20cut%20to%20federal%20healthcare%20spending%E2%80%94and%20to%20Medicaid%E2%80%94in%20history.%C2%A0" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.wsj.com%2fhealth%2fhealthcare%2fmedicaid-cuts-healthcare-trump-bill-7236d5e6%3fgaa_at%3deafs%26gaa_n%3dASWzDAjB399gJ0j3gFByaTRCc_19mT9SoPdX0T4z0Yv7pX3oaodktOoFGhEJ%26gaa_sig%3dRpDfRxzr3DDcPLmRobDOYN_VkR6NiTgZ_SIg4JQNgRjKkbeWxO1lYsMcOsMu9LHouuyGuxXOVmFchYEH7Z4-0w%253D%253D%26gaa_ts%3d687173b9%26utm%23%3a%7e%3atext%3dIt%2520is%2520the%2520biggest%2520cut%2520to%2520federal%2520healthcare%2520spending%25E2%2580%2594and%2520to%2520Medicaid%25E2%2580%2594in%2520history.%25C2%25A0&redir_log=171818761912763">largest ever cut to Medicaid</a>, and over <a href="https://www.cbpp.org/research/health/by-the-numbers-harmful-republican-megabill-will-take-health-coverage-away-from" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.cbpp.org%2fresearch%2fhealth%2fby-the-numbers-senate-republican-reconciliation-bill-takes-health-coverage-away&redir_log=486697139356817">17 million people</a> will lose their health care coverage in the coming years, including nearly <strong><a href="https://www.jec.senate.gov/public/index.cfm/democrats/press-releases?ID=E59E9267-899E-40EC-BEBF-BC9778CBF165" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.jec.senate.gov%2fpublic%2findex.cfm%2fdemocrats%2fpress-releases%3fID%3dE59E9267-899E-40EC-BEBF-BC9778CBF165&redir_log=439989765605664">300,000 South Carolinians.</a></strong></p><p>Millions more who receive coverage through the Affordable Care Act will see their <strong><a href="https://kffhealthnews.org/news/article/one-big-beautiful-bill-medicaid-work-requirements-affordable-care-act-immigrants/#:~:text=The%20legislation%20also%20does%20not%20call%20for%20an%20extension%20of%20more%20generous%20premium%20subsidies%20put%20in%20place%20during%20the%20covid%20pandemic.%20If%20Congress%20doesn%E2%80%99t%20act%2C%20those%20enhanced%20subsidies%20will%20expire%20at%20year%E2%80%99s%20end%2C%20resulting%20in%20premiums%20rising%20by%20an%20average%20of%2075%25%20next%20year%2C%20according%20to%20KFF." rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fkffhealthnews.org%2fnews%2farticle%2fone-big-beautiful-bill-medicaid-work-requirements-affordable-care-act-immigrants%2f%23%3a%7e%3atext%3dThe%2520legislation%2520also%2520does%2520not%2520call%2520for%2520an%2520extension%2520of%2520more%2520generous%2520premium%2520subsidies%2520put%2520in%2520place%2520during%2520the%2520covid%2520pandemic.%2520If%2520Congress%2520doesn%25E2%2580%2599t%2520act%252C%2520those%2520enhanced%2520subsidies%2520will%2520expire%2520at%2520year%25E2%2580%2599s%2520end%252C%2520resulting%2520in%2520premiums%2520rising%2520by%2520an%2520average%2520of%252075%2525%2520next%2520year%252C%2520according%2520to%2520KFF.&redir_log=824636767443345">premiums increase by hundreds.</a></strong></p><p>In addition to health care cuts, this bill cuts some or all SNAP benefits for <a href="https://www.urban.org/sites/default/files/2025-07/How-the-Senate-Budget-Reconciliation-SNAP-Proposals-Will-Affect-Families-in-Every-US-State.pdf" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.urban.org%2fsites%2fdefault%2ffiles%2f2025-07%2fHow-the-Senate-Budget-Reconciliation-SNAP-Proposals-Will-Affect-Families-in-Every-US-State.pdf&redir_log=879470559121976">22.5 million families</a>, including nearly <strong><a href="https://www.urban.org/sites/default/files/2025-07/How-the-Senate-Budget-Reconciliation-SNAP-Proposals-Will-Affect-Families-in-Every-US-State.pdf" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.urban.org%2fsites%2fdefault%2ffiles%2f2025-07%2fHow-the-Senate-Budget-Reconciliation-SNAP-Proposals-Will-Affect-Families-in-Every-US-State.pdf&redir_log=879470559121976">300,000 families in South Carolina alone.</a></strong></p><p>And on top of all this, Trump’s bill gives so many <strong><a href="https://www.cbpp.org/research/federal-tax/by-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.cbpp.org%2fresearch%2ffederal-tax%2fby-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves&redir_log=872643166484798">tax breaks to the wealthy</a></strong> that it adds an estimated <a href="https://www.crfb.org/blogs/senate-obbba-charts#:~:text=Because%20the%20Senate,trillion%20in%202034." rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.crfb.org%2fblogs%2fsenate-obbba-charts%23%3a%7e%3atext%3dBecause%2520the%2520Senate%2ctrillion%2520in%25202034.&redir_log=165739542005644">$3.4 trillion to the debt</a> and <a href="https://www.crfb.org/blogs/senate-obbba-charts#:~:text=Because%20the%20Senate,trillion%20in%202034." rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.crfb.org%2fblogs%2fsenate-obbba-charts%23%3a%7e%3atext%3dBecause%2520the%2520Senate%2ctrillion%2520in%25202034.&redir_log=165739542005644">$700 billion in interest costs</a> over a decade. This will <a href="https://www.crfb.org/blogs/interest-costs-could-explode-high-rates-and-more-debt" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.crfb.org%2fblogs%2finterest-costs-could-explode-high-rates-and-more-debt&redir_log=466263504423559">hike interest costs</a> on mortgages and car loans.</p><p><a href="https://www.cbpp.org/research/food-assistance/millions-of-low-income-households-would-lose-food-aid-under-proposed-house#:~:text=Cuts%20Would%20Weaken%20SNAP's%20Proven,throughout%20the%20food%20supply%20chain." rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.cbpp.org%2fresearch%2ffood-assistance%2fmillions-of-low-income-households-would-lose-food-aid-under-proposed-house%23%3a%7e%3atext%3dCuts%2520Would%2520Weaken%2520SNAP%27s%2520Proven%2cthroughout%2520the%2520food%2520supply%2520chain.&redir_log=990596136091408">Study</a> after <a href="https://budgetlab.yale.edu/research/distributional-effects-selected-provisions-house-and-senate-reconciliation-bills" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fbudgetlab.yale.edu%2fresearch%2fdistributional-effects-selected-provisions-house-and-senate-reconciliation-bills&redir_log=463765122407824">study</a> shows that this bill <a href="https://www.cbpp.org/research/federal-tax/by-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.cbpp.org%2fresearch%2ffederal-tax%2fby-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves&redir_log=872643166484798">hurts the working class</a> while <a href="https://www.wsj.com/politics/policy/gop-tax-spending-megabill-cbo-dbedad8c?utm_source=chatgpt.com" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.wsj.com%2fpolitics%2fpolicy%2fgop-tax-spending-megabill-cbo-dbedad8c%3futm_source%3dchatgpt.com&redir_log=903585560108681">making the wealthy even richer.</a></p><p><strong>Households making less than $55,000 a year</strong> will see their <strong><a href="https://www.cbo.gov/system/files/2025-06/61387-Distributional-Effects.pdf" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fwww.cbo.gov%2fsystem%2ffiles%2f2025-06%2f61387-Distributional-Effects.pdf&redir_log=314959835838488">incomes decrease</a></strong> as a result of this legislation. Meanwhile, <strong>the richest 1%</strong> of Americans will see nearly<strong> <a href="https://itep.org/trump-megabill-billions-in-tax-cuts-top-1-percent-by-state/" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fitep.org%2ftrump-megabill-billions-in-tax-cuts-top-1-percent-by-state%2f&redir_log=191869700538525">a trillion dollars in tax cuts</a></strong>, with an average tax break of <strong><a href="https://www.jct.gov/publications/2025/jcx-33-25/" rel="noopener external noreferrer" target="_blank" title="https://iqconnect.house.gov/iqextranet/iqClickTrk.aspx?&cid=SC06JC&crop=15742QQQ12285954QQQ2956296QQQ7586422&report_id=&redirect=https%3a%2f%2fdemocrats-budget.house.gov%2flegislation%2fonebiguglybill%23%3a%7e%3atext%3dWhy%253F%2520So%2520billionaires%2520and%2520big%2520corporations%2520can%2520get%2520trillions%2520in%2520tax%2520breaks.&redir_log=635422490141108">$309,000.</a></strong></p><p>The right can claim they are lowering costs for everyday Americans all they want.</p><p>But the facts are the facts: Trump and Republicans’ <a href="https://www.cbpp.org/research/federal-tax/by-the-numbers-house-republican-tax-agenda-favors-the-wealthy-and-leaves" rel="noopener external noreferrer" target="_blank">“Big Ugly Bill”</a> betrays the American people.</p><p>Sincerely,</p><p>Jim</p> </div>
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The Truth About Trump’s Tax Bill—and Your Social Security

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