Social Security, Bill
Digest more
4hOpinion
Soy Nómada on MSNThe 'One Big Beautiful Bill': A Poisoned Gift for U.S. Pensions?The 'One Big Beautiful Bill' promises tax relief for retirees, but could it worsen the financial health of the U.S. Social Security system? This legislative proposal, backed by President Trump, may offer short-term benefits with significant hidden costs.
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.
Arizonans will see major changes to Medicaid, tax cuts and food stamps after Trump's Big Beautiful Bill passed. The Gaggle dives into the details.