Social Security beneficiaries slam agency's pro-Trump email [View all]
Social Security beneficiaries and other people in the program’s database do not appear to appreciate a recent email from the department praising the passage of President Donald Trump’s budget.
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The email, containing a message from Trump-appointed Social Security Commissioner Frank Bisignano, claims Trump’s budget “ensures that nearly 90 percent of Social Security beneficiaries will no longer pay federal income taxes on their benefits.”
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“We rated that statement Mostly False,” said Politifact analyst Louis Jacobson. “The bill will provide a tax break for Americans ages 65 and over, but it won’t eliminate the Social Security tax entirely. Some 24 million Social Security beneficiaries will still be taxed on some of their checks from the program, according to Congress’ bipartisan Joint Committee on Taxation’s staff director. Many of those are younger than 65 and thus ineligible for the new tax deduction.”
Jacobson added that the resulting reduction in payments to the Social Security trust fund will mean benefit cuts to beneficiaries will likely come sooner as the fund is threatened with insolvency.
https://www.alternet.org/seniors-social-security-trump-budget/
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