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United States President Donald J. Trump Signs Executive Orders In The Oval Office Of The White House In Washington, DC - 23 Jan 2025

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Discussions about eliminatingSocial Security taxescould impact funding for the program, leading to potential benefit reductions for future retirees.

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Gen Xers should prepare for the possibility of reduced payouts or increased retirement age thresholds.

The dollar might not go as far for retirees on a fixed income.

The bill also cut the corporate tax rate from 35% to 21%.

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