Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)

WASHINGTON (AP) — President Donald Trump keeps saying that Republicans’ mega tax and spending cut legislation will eliminate taxes on federal Social Security benefits. It does not. At best, Trump’s “no tax on Social Security” claim exaggerates the benefits to seniors if either the House or Senate-passed proposals is signed into law.

Trump’s “big, beautiful bill” has a lot of moving parts, but one thing it won’t do is end taxes on Social Security benefits, as he has claimed. The bill, which passed last week, slashes Medicaid, food stamps,