'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says
Fox News
The House of Representatives' top tax-writer discussed President Donald Trump's "big, beautiful bill" with Fox News Digital
Among those is an added $4,000 deduction for Americans aged 65 or older. Seniors with income of less than $75,000 as single filers, and less than $150,000 as joint filers, would be eligible for the full deduction, which then would begin to phase out. Elizabeth Elkind is a politics reporter for Fox News Digital leading coverage of the House of Representatives. Previous digital bylines seen at Daily Mail and CBS News.
"So, that’s on top of their guaranteed deduction, and that’s per person . . . anyone who has total earnings of $75,000 a year or less is going to be made completely whole, so all the low-income and middle-income seniors on Social Security will be paying zero on Social Security in the long run," Smith told Fox News Digital, while adding of others, "most of them will be paying much less." Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com
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