What is wrong with the tax cut for SS recipients. Although I will save

[Wiz Imp]

23. Not really. According to The Committee for a Responsible Federal Budget

We estimate that the extension and expansion of the 2017 tax cuts, the expanded senior deduction, and other OBBBA changes would reduce total taxation of benefits by roughly $30 billion per year. This would be enough to accelerate insolvency of the Social Security Old-Age and Survivors (OASI) trust fund from early 2033 to late 2032

https://www.crfb.org/blogs/obbba-would-accelerate-social-security-medicare-insolvency

So it would make the difference of a few months at most which is not significant. A recession could easily cause a much bigger change in the time frame.

I'm not convinced that their analysis is even necessarily. The bill did NOT change the amount of SS Benefits which are taxed at all. The bill doesn't even mention SS Benefits. The extra deduction for those 65 and over (which is just temporary) reduces the TOTAL income which is taxed, NOT just SS benefits. While The Committee for a Responsible Federal Budget estimates that reduction to the SS Trust fund would be $30 billion, it's not clear it would necessarily be that much. Since, the deduction is to TOTAL income, how do they determine how much of the lost revenue comes from the SS Trust fund vs the General Fund?

Regardless, any lost revenue would be a relative pittance compare to the $1.7 trillion total which is collected annually by the trust fund.