Retirees Social Security

Trump’s Plan to Raise Social Security for Half of Retirees: What Could Be the Risks?

Trump’s Social Security reform plan offers a $4,000 tax deduction for retirees aged 65+, increasing after-tax income. But critics warn it may favor wealthier seniors, exclude low-income non-taxpayers, and threaten Social Security’s trust fund, which could lose nearly $1 trillion in a decade. While helpful for some, the plan’s risks highlight the need for broader, sustainable reform. Visit ssa.gov or congress.gov for updates.