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How You Receive Your Social Security, VA Benefits May Change in Fall: What to Know

UNITED STATES, JUL 11 – Democratic governors in at least five states consider special sessions to address funding shortfalls from new Medicaid and SNAP cuts affecting millions, with $13 billion lost over 10 years.

  • President Donald Trump signed the 'One Big Beautiful Bill' into law on July 4, 2025, introducing new tax breaks and policy changes nationwide.
  • The bill enacted steep Medicaid cuts via new work requirements and limits on state fees, prompting states to consider special legislative sessions due to expected funding gaps.
  • Among its provisions, the bill allows taxpayers aged 65 and older to claim a $6,000 deduction and introduces changes to federal student loans and SNAP eligibility criteria.
  • The tax deduction could reduce taxable Social Security income for about 88% of seniors, potentially eliminating taxes on benefits for some, though experts warn the relief is temporary and limited.
  • The bill's implications include state budget pressure, rural hospital closures, and widespread social service impacts, while advocacy for legislative responses continues in several states.
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News Times broke the news in on Thursday, July 10, 2025.
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