Donald Trump plans to realign America's Social Security system by removing taxes on benefits, a move that could benefit some immediately while threatening long-term fund sustainability.
Cutting taxes on Social Security may provide larger checks for baby boomers but could jeopardize benefits for low-income seniors and younger generations who depend on this income.
Experts have warned that while some seniors might see short-term financial relief, the proposed tax cuts could accelerate the depletion of the Social Security fund significantly.
With over 72 million Americans receiving benefits, experts fear that the proposed tax cuts may primarily impact those who need Social Security the most, worsening their financial conditions.
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