The Possibility of Trump’s Proposed Changes to Social Security - The Motley Fool
By Keith Speights for The Motley Fool on December 1, 2024
President-elect Trump wants to eliminate federal taxes on Social Security benefits. This sounds really good to those who have to pay them. This move however could cause the trust fund to deplete earlier than expected.
He also wants to boost Social Security finances through more oil and gas drilling. He calls it “liquid gold”. Oil and gas production are already high. It is projected that this may not have much of an affect on the program. Read here…
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