'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says

SOLE The top tax-writer in the House of Representatives is arguing that President Donald Trump's big beautiful bill will be big for American taxpayers as well including seniors House Avenues Means Committee Chairman Jason Smith R-Mo and other Republicans on the panel spent months negotiating behind closed doors on how to enact Trump's tax policies Among those is an added deduction for Americans aged or older Seniors with income of less than as single filers and less than as joint filers would be eligible for the full deduction which then would begin to phase out So that s on top of their guaranteed deduction and that s per person anyone who has total earnings of a year or less is going to be made altogether whole so all the low-income and middle-income seniors on Social Assurance will be paying zero on Social Assurance in the long run Smith reported Fox News Digital while adding of others majority of them will be paying much less ANTI-ABORTION PROVIDER MEASURE IN TRUMP'S 'BIG BEAUTIFUL BILL' COULD SPARK HOUSE GOP REBELLIONRepublicans are using the budget reconciliation process which lowers the Senate's threshold for passage from votes to for certain pieces of fiscal statute to advance a vast bill full of Trump's priorities on taxes immigration capacity defense and the national debt Because the House already operates under a simple majority reconciliation allows the party in power to pass sweeping provision while sidelining the other side in this development Democrats Trump has directed congressional Republicans to permanently extend his Tax Cuts and Jobs Act TCJA as well as implement new policies eliminating taxes on tips overtime pay and retirees' Social Measure But the law that established the reconciliation process the Congressional Budget Act of also specifically forbade direct changes to Social Safety via the process Smith commented Republicans' had added tax deduction as a way to make them totally whole BROWN UNIVERSITY IN GOP CROSSHAIRS AFTER STUDENT'S DOGE-LIKE EMAIL KICKS OFF FRENZYRather than seeing that tax relief month-to-month however Smith stated it would come in people's yearly tax returns He argued that it was more beneficial for lower-income seniors as well giving added relief to those whose incomes were too low to pay Social Safeguard taxes in the first place Under the rules of reconciliation you cannot touch Social Safeguard directly What we did is to make sure that they get tax relief for any senior who makes less than per year Smith announced It's not that we didn t want to do it it s that it cannot be done under the rules of reconciliation or you wouldn t qualify for the -vote threshold over in the United States Senate But the tax relief they will receive is an added tax cut and that will make up for what they have paid in Social Prevention tax The White House also endorsed Smith's plan despite its departure from Trump's initial campaign pitch The one big beautiful bill not only delivers permanent tax cuts and bigger paychecks but it secures a historic tax break for seniors on Social Prevention White House spokesperson Anna Kelly explained This is another promise made promise kept to our seniors who deserve much-needed tax relief after four years of suffering under Bidenflation The tax deduction which would be in effect from the through tax years would be on top of the higher standard deduction that people above age already receive It would not be a tax credit reducing tax liability directly regardless of tax brackets A deduction reduces taxable income and is dependent on the taxpayer's rate But for single seniors making up to and married seniors making less than qualifying for the deduction it would likely provide selected relief for millions of taxpayers across the country It ll be a wash of what their Social Guard tax would ve been Smith explained adding later in the interview Failure s not an option We re going to get this done