The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income surpasses $75,000 per person, or $150,000 for joint filers. Then it phases out completely once income crosses $175,000 per person or $250,000 per couple.

In a meeting with moderate Republicans, Trump highlighted three programs not to be cut if the GOP wanted to win elections between 2026 and 2028: Medicaid, Medicare and Social Security, according to NOTUS. Trump said the three areas should be “touched.”