Donald Trump, Social Security and Federal Taxes
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The Trump administration plans to garnish a larger portion of student-loan borrowers’ Social Security checks in debt-collection efforts associated with defaulted loans than the amount established by the Biden administration in some actions pursuing repayment.
The first few months of President Donald Trump's second term have brought a flurry of Social Security changes that may have left you feeling anxious and a little confused. So far, most of the changes he's made are procedural,
Retirees are paying the agency $100 for certified earnings records because "they're afraid of our systems going down."
The estimate, released by The Senior Citizens League (TSCL), is slightly up from April's 2.3 percent forecast.
Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's monthly benefit until the overpayment is recovered in full. The president nominated Frank Bisignano to become the new SSA commissioner.
Social Security's cost-of-living adjustment for 2026 could be 2.4%, up from last month's forecast for 2.2%, according to an independent analyst.
Millions of recipients could soon be entitled to the tax break, should the provision make its way into the final bill.
Since President Donald Trump took office for his second term 100 days ago (as of April 29), a flurry of Social Security changes has been implemented. Here's a brief rundown of the five biggest changes Trump has overseen, as well as the one powerful Social Security change he still wants to see put into effect.