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

[MichMan]

74. The comments here are fascinating

Not referring to any other complaints that people have on the BBB which I completely understand, but specific to this one particular provision. Not understanding the angst over an additional $6000 tax deduction for senior citizens. How is lowering the tax burden on senior citizens a bad thing like so many have commented? Seems like a plan that people would be in favor of but looks like that's not the case. SMH

Here are some of the arguments I've seen against it here. Might have missed some.

1) It doesn't apply to everyone on SS, only those over 65. True; but lots of tax deductions are limited. Mortgage interest deductions don't apply to renters, SALT deductions are only useful in high tax states, child deductions cut off at 18 or don't apply to those who don't have children. Just how it is.

2) It doesn't apply to low income people with no tax liability. Pretty much true for any other non refundable tax deduction like SALT, EV credits, or Mortgage interest, yet I haven't seen complaints about that.

3) It doesn't apply to higher income seniors. Odd to see complaints here that the wealthier aren't getting their fair share.

4) It is temporary. Fine for the meantime; people can campaign in 2028 about making it permanent then, or for that matter, just letting it expire

5) It will hurt the SS trust fund. I don't believe it has any effect, but COLA and the 2024 Social Security Fairness Act both do, and those have universal support here.

6) It adds to the deficit. So does all other spending that isn't directly offset by tax increases. Yes, that included the popular proposed Student Loan forgiveness plan of $10,000/20,000 that the SC stopped.

7) It will only be an average of only $670 in tax savings for those who qualify. So, if the amount is so low to be meaningless, how then can it have such a huge negative effect on the deficit or trust fund?

8) The administration is lying about it. OK, what a shocker, but doesn't change what it actually is.