Elon Musk alleged that up to $700 billion in entitlement spending could be “waste and fraud,” raising alarm among Democrats.

The White House on Tuesday asserted President Trump would not cut Social Security or Medicare after comments from tech billionaire Elon Musk about the need to examine entitlement spending gained

From eliminating taxes on benefits to major staffing cuts at the Social Security Administration, President Donald Trump’s proposals could impact the benefits you’ve earned. In 2025, you might see some relief if Social Security benefits become tax-free,

During his campaign, President Trump wrote on social media, "Seniors should not pay tax on Social Security." He has doubled down on that promise since the election. In February, White House press secretary Karoline Leavitt said President Trump would implement the "largest tax cut in history," including the elimination of taxes on Social Security.

Officials on Tuesday reiterated allegations of "waste and fraud" in entitlement programs as the administration said that no cuts will be made to Social Security, Medicare, or Medicaid benefits.

Social Security has long been in a fraught position. The program will need to reduce benefits in 10 years if Congress doesn't make changes to shore up its finances. Although it's still early, let's take a look three things President Trump has discussed that would affect Social Security.

Key Points President Trump has promised not to cut funding to Social Security. But one of his key Social Security plans could push the program closer to insolvency. Trump risks cutting Social Security even if it’s unintentional.