Newsweek has reached out to the Social Security press office for comment via email on Sunday morning. Why It Matters. Although Trump has pledged not to cut Social Security, some s

President Trump has linked two budget items, and that may be a good idea. Trump wants to extend his 2017 Tax Cuts and Jobs Act and provide some other tax breaks, and we need to fix Social Security. The link between tax cuts and Social Security exists because one of Trump’s new tax-cutting proposals would exempt Social Security benefits from taxation under the federal income tax.