President Trump’s “big, beautiful” tax and spending package could speed up insolvency for Social Security’s trust funds, according to a new analysis from the Trump administration's chief actuary, which oversees the program.

The Office of the Chief Actuary (OACT) at the Social Security Administration (SSA) released an analysis this week of the law’s potential effects on the program’s finances in response to a request from Sen. Ron Wyden (Ore.), top Democrat on the Senate Finance Committee.

The report estimated that implementation of Trump’s One Big Beautiful Bill Act would “result in net increased program cost” beginning this year, while noting the spate of recent tax changes in the major package.

“Because the revenue from income taxation of Social Security benefits is directed to the So

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