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.

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