In his State of the Union address, President Donald Trump proudly proclaimed to members of Congress and the public that the United States is “bigger, better, richer, and stronger than ever before,” touting the benefits of his signature tax policy, in particular, the One Big Beautiful Bill Act (OBBBA). He also claimed that his administration is working to make it easier for Americans to save for retirement. “Under this administration,” he said, “we will always protect Social Security and Medicare … We will always protect Social Security, Medicare, Medicaid.”
But both things cannot be true.
