Overview

• President Trump used an Oval Office ceremony to sign a proclamation marking the Social Security Act’s 90th anniversary and promote recent agency reforms.
• The “One Big, Beautiful Bill” introduced a $6,000 deduction on benefit taxes that the administration says will exempt about 88% of seniors, while analysts estimate it may reduce SSA revenue by roughly $30 billion annually.
• The SSA confirmed it updated records to end payments to nearly 275,000 individuals without legal status, presenting the action as part of a fraud-reduction initiative.
• Commissioner Frank Bisignano highlighted faster phone response times and set a goal for 200 million digital SSA accounts by next year even as internal reports and a Strategic Organizing Center analysis warn that field offices have lost about 20% of their staff.
• The agency’s chief actuary warns that the combination of tax relief and deep workforce cuts could accelerate trust-fund depletion and force benefit reductions in the mid-2030s.