Waiving taxes on Social Security payments increases recipients' take-home pay, reduces federal revenue by roughly $90 billion annually, and affects trust fund solvency timing.
Who's the TACO' Now? Trump Reaping Billions In Tariff Revenue While Other Countries Back Down
Trump's tariffs, the highest since the 1930s, have resulted in $64 billion in new revenue for the U.S. in the second quarter, a $47 billion increase over the previous year.
The One Big Beautiful Bill Act is a massive tax cut proposal that would reduce federal revenue by roughly $4 trillion over the next decade, while impacting income distribution significantly.