In 1983, with Social Security's asset reserves virtually exhausted, a bipartisan Congress passed, and then-President Ronald Reagan signed, the Social Security Amendments of 1983 into law. This amendment gradually increased the full retirement age and payroll taxation on working Americans, as well as introduced the utterly despised tax on benefits.

Cutting costs may save the government money, but Americans could face reduced services and higher costs. Find out how Trump's 2026 budget might impact yours.

SINCE PRESIDENT DONALD TRUMP released his 2026 budget blueprint in early May, calling for $163 billion in federal spending cuts, much of the attention has focused on his slashing of foreign aid and boosting of border security.

A foundational change to Social Security presented by President Trump would fundamentally weaken the program's financial outlook

As the 2026 tax landscape begins to take shape under President Trump's newly released budget proposal, one key question has emerged for millions of retirees: will Social Security i

A draft of President Trump’s “Big, Beautiful Bill” includes a proposal to establish so-called “MAGA” savings accounts for children. The pilot program — described as the “money