Trump’s promise to end taxation on Social Security
Social Security was established by President Franklin D. Roosevelt’s “New Deal” administration during the Great Depression of the 1930s. It assisted with old age, disability, poverty, unemployment and widows. Originally, Social Security benefits were not taxable income and remained so for the first fifty years.
The Republican Party and some Democrats labeled the original legislation as socialism. Over the decades, the Republican Party opposed Social Security and Medicare as being socialist and too costly. It was primarily the Republican Party and President Reagan who started federal taxation of Social Security benefits beginning in 1984.
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