WASHINGTON — President Trump said Thursday that 275,000 illegal immigrants have been purged from the Social Security rolls on his watch. “To protect our benefits, we’ve already kicked nearly 275,000 illegal aliens off of the Social Security system,” Trump said in the Oval Office with Social Security Commissioner Frank Bisignano looking on.

Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement program.

A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight modernization.

President Donald Trump signed a proclamation Thursday honoring the 90th anniversary of the Social Security Act of 1935. Before doing so, he touted what he sees as the keeping of his promise to preserve and protect the program and to lower taxes for seniors who receive Social Security benefits.

While having a new way to save for a child’s future might generally sound like a positive initiative, Treasury Secretary Scott Bessent’s recent comments have stoked fears that the Trump accounts represent a Trojan horse for Social Security privatization.

Most parents apply for their newborn’s SSN at birth, often at the hospital. An SSN is needed for a number of reasons, including opening a bank account, buying savings bonds, getting medical coverage and applying for government services. It’s also required to claim a child as a dependent on your tax return.

President Trump defends Social Security program achievements amid Democratic criticism, highlighting zero taxes for most seniors and improved customer service

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent. Currently, 64 percent of seniors already don't pay taxes on Social Security benefits.

Unfortunately, Trump’s mega bill does exactly the opposite. It does absolutely nothing to address Social Security’s looming insolvency in 2035, and instead would suck $1.6 trillion out of its trust fund over the next decade, hastening its insolvency by two years, according to the nonpartisan Tax Foundation.