President Joe Biden and President-elect Donald Trump share at least two things in common when it comes to Social Security. They've both been eligible to receive their full retirement benefits for more than a decade.

As David R. Lurie lays out in his excellent Public Notice column, Republicans have been dreaming of doing away with Social Security ever since FDR enacted it, even though it successfully reduced poverty among the elderly. Ditto for Medicare, enacted under LBJ.

Chip Roy believes Trump doesn't actually want to cut from Social Security and other essential benefits on which Americans rely.

In summary, President-elect Donald Trump has proposed eliminating the tax on Social Security benefits. He has also proposed ending the taxation of tips and overtime pay, while imposing a baseline 10% tariff on all imported goods and a 60% tariff on imports from China.

Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing

President-elect Donald Trump plans to eliminate taxation of Social Security benefits, which could speed up the program's projected date of insolvency.

Donald Trump hopes to accomplish a lot in his second term. He intends to implement "the largest mass deportation program in history." He wants to end birthright citizenship. Trump seeks further tax cuts. He supports cutting regulations. The president-elect plans to impose steep tariffs on all imports to the U.S.