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President-elect Donald Trump has had his eye on Social Security, but his latest proposal — to cut taxes on benefits — may not have the effect beneficiaries would want, experts said.
Trump, who will become the 47th president of the United States after winning a tight race against his Democratic rival, Vice President Kamala Harris, touched on Social Security a few times during his campaign. In his list of
platform issues, he said he would strengthen the program, and during a rally in July, he said he wouldn’t raise the retirement age “by one day.” His latest promise in September included cutting taxes on tips, overtime and Social Security benefits.
This post was originally published on Market Watch
