Trump, Social Security
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Trump, Medicaid and big beautiful bill
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Freeing Americans from income tax for their first 25 years in the workforce would transform lives—and the nation.
Here's how the bonus would work: Americans ages 65 and older who don't itemize their taxes would get a $4,000 bonus on top of the standard deduction, under the current proposed budget. The deduction would phase out for older people earning more than $75,000 or older couples earning more than $150,000.