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Trump's Social Security Tax Proposal

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retirement savings

The Motley Fool

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US Politics

Social Security Is Changing Under President Trump, but Benefit Cuts Are Still Possible in the Next Decade

Summary

Nutrition label

78% Informative

Social Security already faces a serious financial problem that may lead to trust fund insolvency.

Ending taxes on benefits would make that problem worse and hasten the timeline to benefit cuts.

President Trump created the Department of Government Efficiency ( DOGE ) on his first day in the White House .

DOGE is tasked with "modernizing federal technology and software to maximize governmental efficiency".

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Neutral language

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formal

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English

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not offensive

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not hateful

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not detected

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not detected

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short-lived

External references

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