https://www.democraticunderground.com/100220457759
lostincalifornia
7 hrs ago
From 2025 through 2028 the conman in the white house is eliminating taxes on social security for those
those 65 and older, calling it a senior bonus.
"The "big, beautiful bill" features a new tax break for older Americans who pay taxes on Social Security income. But there's a significant catch.
Why it matters: The break leaves out the poorest seniors — who already don't pay Social Security taxes —and the very rich ones, too.
How it works: Both the House and Senate bills include an increased tax deduction for tax filers age 64 and older. In the Senate version, the new deduction is $6,000 for individuals and $12,000 for couples.
The deduction starts phasing out for those who earn over $75,000 ($150,000 for couples), and phases out completely at $175,000 for individuals and $250,000 for couples, in the Senate version.
The break expires in 2028 when President Trump leaves office, as do a few other White House priorities in the bills, including no tax on tips, no tax on overtime, and no tax on auto loan interest."
https://www.axios.com/2025/07/03/big-beautiful-bill-social-security
Keep in mind this provision in the bill expires when trump leaves office, will hurt the poorest, accelerate Social Security and Medicare insolvency.
No surprise that trump's social security administration is "applauding passage of this legislation, providing historic tax relief for seniors", but ignoring the consequences.
The bill is also eliminating taxes on tips subject to limitations, and also expires in 2028 when trump leaves office.
All this will significantly increase the deficit at the expense of decreasing Medicaid benefits, healthcare services, and other vital services.
While most objective people can see right through this con, the diabolical, deceitful hope of trump and his republican thugs, is that it will deceive older Americans over 65, and the younger population which earns their wages through tips to impact the midterms in 2026, and the presidential election in 2028.
Most in the demographics affected may not realize or worse, not care that it is selling the future of social security, medicare, and the poor and middle class down the toilet, for the illusion of short term gains.
This is how he hopes to win the midterms and the next presidential for the next republican THUG.
This is Project 2025 on steroids, and will be the destruction of the middle class, and permanent rethug rule.
The question is, can those poor, working poor, and those who won't realize any of the short term benefit from this deception be enough to vote them out in 2026 and 2028? That will be the last hope for our Democracy.
It always amazes me how the liberal mind ‘thinks’. Somehow they think because someone who pays taxes gets a reduction in those taxes it HURTS those who pay no taxes to begin with because they didn’t get a cut off of the ZERO in taxes they are already paying! How can you wrap your head around that??
Tadpole Raisin
1. The bad stuff is going to overshadow that little crap he is offering
7 hrs ago
and be like an avalanche on his head. Maybe that is what he wants.
The only thing people have to be careful about is not to have violent protests because he will suspend habeas corpus or invoke the insurrection act by calling it an invasion (not that it would have to be violent to do it). Elections? Hmmmm.
He won’t care if it is illegal.
My God I’ve never despised anyone more than him.
Not going to sleep tonight!
lostincalifornia
5. I am not sure about that. Those 65 or older on social security, and those who make their wages on tips, will
6 hrs ago
see immediate financial benefit.
That isn't "little crap", that will be significant to those people affected, because it will put more money in their pocket, and when it expires in 2028, and they won't realize what they have lost because it will be too late then.
The only possible saving grace is if there are enough people who are not affected by those short term benefits, and they vote the thugs out.
That is far from certain.
videohead5
6. The Democrats just need to point out
6 hrs ago
That these tax cuts go away in 3 years and to promise to make some of them permanent
Greg_In_SF
7. You mean they should effectively say
6 hrs ago
"We are extending the Trump tax cuts!
Suck it DUmmies! You’re having to admit Trump is doing good stuff and you don’t like it.
KC
