'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says

EXCLUSIVE: The top tax-writer in the House of Representatives is arguing that President Donald Trump's "big, beautiful bill" will be "big" for American taxpayers as well – including seniors.

House Ways & Means Committee Chairman Jason Smith, R-Mo., and other Republicans on the panel spent months negotiating behind closed doors on how to enact Trump's tax policies.

Among those is an added $4,000 deduction for Americans aged 65 or older. Seniors with income of less than $75,000 as single filers, and less than $150,000 as joint filers, would be eligible for the full deduction, which then would begin to phase out.

"So, that’s on top of their guaranteed deduction, and that’s per person . . . anyone who has total earnings of $75,000 a year or less is going to be made completely whole, so all the low-income and middle-income seniors on Social Security wil...