The Social Security Administration (SSA) commended the passage of the One Big Beautiful Bill (OBBB), which aims to deliver tax relief to millions of older Americans.
“The bill ensures that nearly 90 percent of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation’s economy,” the agency said in a July 3 statement.
The OBBB was passed by the House of Representatives on May 22 by a vote of 215–214. On July 1, the Senate voted to pass it by 51–50. And on Thursday, the House agreed to the Senate amendment by a vote of 218–214. The bill now goes to the desk of President Donald Trump to be signed into law….