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…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.