His statement was succinct and unequivocal: "seniors should not be taxed on social security!"
The 2024 GOP platform, endorsed by Trump, includes a section titled "fight for and protect Social Security and Medicare with no cuts, including no changes to the retirement age." The document underscores Trump's commitment to the welfare of senior citizens, stating, "President Trump has made absolutely clear that he will not cut one penny from Medicare or Social Security."
The platform further elaborates, "American Citizens work hard their whole lives, contributing to Social Security and Medicare. These programs are promises to our Seniors, ensuring they can live their golden years with dignity. Republicans will protect these vital programs and ensure Economic Stability. We will work with our Great Seniors, in order to allow them to be active and healthy. We commit to safeguarding the future for our Seniors and all American families."
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As reported by The Post Millennial, the Social Security Administration reveals that "About 40 percent of people who get Social Security must pay federal income taxes on their benefits." The tax brackets vary, with up to 50 percent of a person's benefits being taxed if their combined income is between $25,000 and $34,000. If the income exceeds $34,000, up to 85 percent of benefits may be taxable. For joint returns, the taxable income thresholds are slightly higher.
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This development is a testament to the Republican party's commitment to uphold traditional values and protect individual freedom, particularly for senior citizens. It is a clear indication of their dedication to ensuring economic stability and safeguarding the future for seniors and all American families.
