Social Security, Trump and tax break
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Tax cut, GOP and House Speaker
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The Republican tax proposal in the House introduces a $4,000 deduction on Social Security income for seniors, part of a broader legislative effort.
Lawmakers on Capitol Hill are debating a new tax cuts bill that includes no taxes on tips and overtime, investment accounts for babies, and a new deduction for Social Security.
15hon MSN
Many taxpayers could see even more money in their pockets in coming years under a sweeping tax and spending cuts package that House Republicans hope to finalize before Memorial Day.
TPC found that, on average, all income groups would benefit from the tax proposals. But more than two-thirds of the tax cuts would go to those making $217,000 or more.
Does Trump's 'big, beautiful bill' include no tax on overtime or tips? When would it go into effect?
President Donald Trump is looking for on "big, beautiful bill" from Congress to wrap in some of his top priorities. Here's what's included.