New study shows GOP’s “Big Beautiful Bill” would speed up depletion of Social Security and Medicare trust funds, triggering deeper benefit cuts.

The 'One Big Beautiful Bill' proposes changes to Social Security and Medicare, potentially affecting retirees and low-income families. Here's who could be impacted and how U.S. financial aid programs

Of course, Congress can act to block the Medicare cuts, something it has done in the past. But radical Freedom Caucus Republicans, who have been trying for years to get their hands on Medicare, may see this as their only chance, and could well have enough clout to ensure the sequester takes effect.

An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund depletion, potentially triggering benefit cuts in 2032.

NORTH CAROLINA, USA — President Donald Trump’s recently signed “Big Beautiful Bill” includes significant tax changes aimed at benefiting seniors, particularly those receiving Social Security. A recent inquiry from viewer Bob L. questioned the authenticity of an email from the Social Security Administration referencing tax relief under the new law.

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.

The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income taxes on their benefits. Instead, the bill provides a temporary tax deduction some are calling a "senior bonus.