President Donald Trump is wasting no time making changes. So far, he hasn't made good on his promise to eliminate Social Security benefit taxes, but his term has only just begun. Some seniors are eager to see this tax eliminated so they can have more spending money today.
As a candidate, Mr Trump promised that he would “shatter the deep state”. Since taking office, it has become more clear what he meant. In a barrage of executive orders, Mr Trump has asserted that he can do just about whatever he likes to the federal government.
Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:
President Donald Trump's tax proposals are reigniting concerns about the future of Social Security. During his campaign for the presidency, Trump proposed tax cuts to benefit workers and small businesses – but critics warn these changes could accelerate Social Security's financial challenges,
In another bold executive action, President Donald Trump has authorized a broad freeze on $3 trillion in federal funds until his administration completes a full spending review. According to a two-page memo from Acting Director of the Office of Management and Budget Matthew J.
WASHINGTON (AP) — President Donald Trump’s budget office on Wednesday rescinded an order freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country, according to two people familiar with the matter.
The two-page memo, which is set to take effect on Tuesday night, could impact lower-income households that rely on Medicaid, school breakfast and lunch programs; and the Special Supplemental Nutrition Program for Women,
Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security benefits, and impose tariffs to boost the US economy.
The Trump administration is offering buyouts to federal workers as part of an effort to downsize the government. An email reportedly sent to millions of employees Tuesday is offering to buy them out if they resign by next Thursday. Those who choose to leave will receive about eight months of pay.
President Trump is offering government workers a buyout. If you are on the receiving end of this or a similar offer and are close to retirement, here’s what to consider.
The White House confirmed that OMB pulled the memo Wednesday in a two-sentence notice sent to agencies and departments, but said that Trump's underlying executive orders targeting federal spending in areas like diversity, equity and inclusion and climate change, remained in place.