The President did not elaborate further on his proposal to exempt seniors from paying Social Security taxes.

Former President Trump, Republican presidential candidate and supporter of tax-free payments for seniors on Social Security, has expressed his support.

On Wednesday, the former president made his remarks via Truth Social, a social media platform he owns.

Trump wrote: “Seniors SHOULD Not Pay Tax on Social Security!”

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This is the first time Trump floated a proposal of this kind, and there were no details in the post about how a Social Security program would be implemented.

In an interview with CNBC, he said that there is a lot of room for cutting entitlements. His spokesperson KarolineLeavitt told NBC News later, “President Trump’s second term will see him continue to protect Social Security, Medicare, and other government programs.”

According to the Social Security Administration, “About 40 percent of those who receive Social Security benefits must pay federal income tax on their benefits.” This usually occurs if you also have substantial income. Substantial income is defined as wages, self-employment earnings, interest, dividends and other taxable income.

The United States is experiencing a growing concern among adults about the availability of Medicare and Social Security benefits when needed.

According to a release, in response to the Gallup survey released in June, 75% adults aged 65 and under said that they were “worried” (or “extremely concerned”) about the lack of Medicare.

In regards to Social Security, 80% said the same. These percentages are up from a poll in 2022 that asked the exact same question.

The data comes from the West Health/Gallup 2024 Survey of Aging in America. This survey polled 5149 adults aged 18 or older between November 2023 to January this year.

According to the Congressional Budget Office (CBO), out of the $3.8 trillion mandatory expenditures, $2.2 trillion will be spent by 2023 on Social Security and Medicare.