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.

The head of the U.S. Social Security Administration has backed down from "shutting down the agency" after a federal judge rebuked him for misinterpreting a court ruling that limited billionaire Elon Musk's access to agency information.

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.