How The 2025 Budget Act Accelerates Social Security’s Insolvency
The 2025 budget law will accelerate Social Security insolvency to 2032. The program will go insolvent during the term of the president who succeeds Donald Trump.| Forbes
Two recent studies help explain how Americans think about the financial aspects of their long-term care needs, and why they are so poorly prepared.| Howard Gleckman
In effect, the firms will be paying an export tax, though neither they nor the administration describe it this way. One reason: Such a levy appears unconstitutional.| Howard Gleckman
The 2025 budget law will accelerate Social Security insolvency to 2032. The program will go insolvent during the term of the president who succeeds Donald Trump.| Forbes
As many as three in ten older patients may acquire delirium in the hospital. And the consequences can be severe, including longer hospital stays and even death.| Howard Gleckman
The Tax Policy Center estimates only about 3 percent of households will benefit from the deduction for tips while about 9 percent will pay less income tax on overtime| Howard Gleckman
Trump is changing Medicare, mostly focusing on providers. But the biggest impact may come from tariffs and deporting immigrants. Combined, these direct and indirect c| Howard Gleckman
Millions of Americans are struggling to care for relatives who increasingly need help with their daily activities, from bathing to shopping.| Forbes
Medicare is not going broke in 2026. What the Trustees Report really says, and what it means to you.| Forbes
The bill is regressive, expensive, complicated, and it treats people who make roughly the same amount of money in very different ways.| Howard Gleckman
The budget includes a deduction for taxpayers over age 65, starting in 2025. But it would benefit fewer than half of older adults, the Tax Policy Center estimates.| Howard Gleckman
The declared lifespan of tax changes may not mean what you think. Lawmakers repeatedly extend temporary tax breaks. And they rewrite permanent provisions almost as often| Forbes
It is no exaggeration to say that, without immigrant health care workers, Americans will die for lack of care.| Forbes
Nursing facilities that receive federal funding through Medicare and Medicaid (effectively all of them) will have to employ enough staff to provide at least 3.48 hours...| Forbes
The US faces a desperate shortage of care workers. Here are some ideas for how to close that gap.| Forbes
The budget bill would slash safety net programs for older adults, people with disabilities, and their family caregivers. The bill also lowers taxes for some seniors.| Howard Gleckman
The tax provisions of the budget bill being debated in the Senate would be more regressive than the Finance Committee version, says a new Tax Policy Center analysis.| Howard Gleckman
About 83% of households would have their taxes cut. However, like its House counterpart, the bill would target most of its benefits to higher-income households.| Forbes
The Senate’s draft budget bill would cut Medicaid for older adults more deeply than the House version. It would scrap a Biden-era minimum staffing rule for nursing homes.| Howard Gleckman
The ’74 law not only failed to slow spending and tax cuts, it has enabled them. Because Congress has distorted the law, deficits likely are worse than without it.| Forbes
President Trump and his allies on Capitol Hill are creating new bureaucratic hurdles to prevent families from tapping government benefits.| Forbes
Trump would freeze spending for many services for older adults, deeply cut others, slash staffing for key programs, and abolish an office that manages many initiatives.| Howard Gleckman
The House budget reconciliation bill would cut taxes by an average of about $2,900, according to the Tax Policy Center. 84 percent of households would get a tax cut.| Forbes
Trump pardoned five well-connected people who committed tax fraud. His message: If you have political influence, cheating on your income tax is acceptable.| Forbes
The tax cut would reduce Social Security and Medicare revenues by $1.5 trillion over the next decade, sharply reducing benefits for millions of recipients| Forbes
Failing to fix Social Security's looming financial shortfall would throw 3.8 million seniors into poverty by 2045. Median promised benefits would decline by $5,900.| Forbes
The GOP platform is filled with promises for “our Great Seniors.” But there is little policy behind most campaign pledges and many irreconcilable contradictions.| Forbes
The business model for most of these companies is simple: They steer users to senior living or other service providers that pay them, generally without regard to quality| Forbes
