Rep. Nicole Malliotakis floats new proposed tax cuts for seniors in pair of bills
Staten Island Rep. Nicole Malliotakis floated a pair of bills Monday that would give elderly Americans deeper tax cuts, The Post can reveal, as House Republicans are totaling up deductions for a massive package they want to send to President Trump’s desk later this year.
Malliotakis, the lone Republican repping New York City in Congress, introduced the Bonus Tax Relief for America’s Seniors Act and the Tax Relief Unleashed for Seniors by Trump (TRUST) Act to increase deductions on the taxable income of Americans over the age of 65 and enjoying Social Security benefits.
The Bonus Tax Relief act, which is bipartisan, would give individuals and married couples extra deductions of $5,000 and $10,000, respectively. The TRUST Act would double tax-exempt income for seniors on Social Security from $25,000 to $50,000 for single filers and from $32,000 to $64,000 for married couples.
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