President Trump during his campaign proposed ending taxes on Social Security benefits. But that change is unlikely for one reason: Social Security already faces a serious financial problem that may lead to trust fund insolvency and benefit cuts within 10 years.

President Donald Trump’s plan to eliminate federal taxes on Social Security benefits sounds simple: cut taxes so older adults keep more of their money. However, the plan is controversial because of its potential impact on the Social Security Trust Fund and the primary beneficiaries of the tax cut.

Key Points President Trump’s actions have been affecting Social Security. A DOGE-related crackdown is leading to office closures and reduced staff. A new rule is putting more Social Security in over 3 million people’s pockets.