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'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says

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'Failure's not an option': Trump budget bill will be 'big' help for seniors, top House tax-writer says

EXCLUSIVE: The top tax-writer in the House of Representatives is arguing that President Donald Trump’s “big, beautiful bill” will be “big” for American taxpayers as well – including seniors.

House Ways & Means Committee Chairman Jason Smith, R-Mo., and other Republicans on the panel spent months negotiating behind closed doors on how to enact Trump’s tax policies.

Among those is an added $4,000 deduction for Americans aged 65 or older. Seniors with income of less than $75,000 as single filers, and less than $150,000 as joint filers, would be eligible for the full deduction, which then would begin to phase out.

“So, that’s on top of their guaranteed deduction, and that’s per person . . . anyone who has total earnings of $75,000 a year or less is going to be made completely whole, so all the low-income and middle-income seniors on Social Security will be paying zero on Social Security in the long run,” Smith told Fox News Digital, while adding of others, “most of them will be paying much less.”

ANTI-ABORTION PROVIDER MEASURE IN TRUMP’S ‘BIG, BEAUTIFUL BILL’ COULD SPARK HOUSE GOP REBELLION

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President Donald Trump is pushing Republicans to pass his “big, beautiful bill” (AP Photo/Mark Schiefelbein)

Republicans are using the budget reconciliation process, which lowers the Senate’s threshold for passage from 60 votes to 51 for certain pieces of fiscal legislation, to advance a vast bill full of Trump’s priorities on taxes, immigration, energy, defense and the national debt.

Because the House already operates under a simple majority, reconciliation allows the party in power to pass sweeping legislation while sidelining the other side, in this case, Democrats.

Trump has directed congressional Republicans to permanently extend his 2017 Tax Cuts and Jobs Act (TCJA), as well as implement new policies eliminating taxes on tips, overtime pay and retirees’ Social Security.

But the law that established the reconciliation process, the Congressional Budget Act of 1974, also specifically forbade direct changes to Social Security via the process.

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Smith said Republicans’ had added $4,000 tax deduction as a way to make them “completely whole.”

BROWN UNIVERSITY IN GOP CROSSHAIRS AFTER STUDENT’S DOGE-LIKE EMAIL KICKS OFF FRENZY

House Ways & Means Committee Chairman Jason Smith, R-Mo., is helping craft the tax portion of the bill. (Tom Williams)

Rather than seeing that tax relief month-to-month, however, Smith said it would come in people’s yearly tax returns.

He argued that it was more beneficial for lower-income seniors as well, giving added relief to those whose incomes were too low to pay Social Security taxes in the first place.

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“Under the rules of reconciliation, you cannot touch Social Security directly. What we did is to make sure that they get . . . tax relief for any senior who makes less than $75,000 per year,” Smith said. “It’s not that we didn’t want to do it, it’s that it cannot be done under the rules of reconciliation, or you wouldn’t qualify for the 51-vote threshold over in the United States Senate.”

“But the tax relief they will receive is an added tax cut, and that will make up for what they have paid in Social Security tax.”

The White House also endorsed Smith’s plan despite its departure from Trump’s initial campaign pitch.

“The one, big, beautiful bill not only delivers permanent tax cuts and bigger paychecks, but it secures a historic tax break for seniors on Social Security,” White House spokesperson Anna Kelly said. “This is another promise made, promise kept to our seniors who deserve much-needed tax relief after four years of suffering under Bidenflation.”

The $4,000 tax deduction, which would be in effect from the 2025 through 2028 tax years, would be on top of the higher standard deduction that people above age 65 already receive. 

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It would not be a tax credit, reducing tax liability directly regardless of tax brackets. A deduction reduces taxable income and is dependent on the taxpayer’s rate.

But for single seniors making up to $75,000, and married seniors making less than $150,000, qualifying for the $4,000 deduction, it would likely provide some relief for millions of taxpayers across the country.

“It’ll be a wash of what their Social Security tax would’ve been,” Smith said, adding later in the interview: “Failure’s not an option. We’re going to get this done.”

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Commentary: Unhappy with the choices for California governor? Get real

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Commentary: Unhappy with the choices for California governor? Get real

California has tried all manner of design in choosing its governor.

Democrat Gray Davis, to name a recent example, had an extensive background in government and politics and a bland demeanor that suggested his first name was also a fitting adjective.

Republican Arnold Schwarzenegger, by contrast, was a novice candidate who ran for governor on a whim. His super-sized action hero persona dazzled Californians like the pyrotechnics in one of his Hollywood blockbusters.

In the end, however, their political fates were the same. Both left office humbled, burdened with lousy poll numbers and facing a well of deep voter discontent.

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(Schwarzenegger, at least, departed on his own terms. He chased Davis from the Capitol in an extraordinary recall and won reelection before his approval ratings tanked during his second term.)

There are roughly a dozen major candidates for California governor in 2026 and, taken together, they lack even a small fraction of Schwarzenegger’s celebrity wattage.

Nor do any have the extensive Sacramento experience of Davis, who was a gubernatorial chief of staff under Jerry Brown before serving in the Legislature, then winning election as state controller and lieutenant governor.

That’s not, however, to disparage those running.

The contestants include a former Los Angeles mayor, Antonio Villaraigosa; three candidates who’ve won statewide office, former Atty. Gen. Xavier Becerra, schools Supt. Tony Thurmond and former Controller Betty Yee; two others who gained national recognition during their time in Congress, Katie Porter and Eric Swalwell; and Riverside County’s elected sheriff, Chad Bianco.

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The large field offers an ample buffet from which to choose.

The rap on this particular batch of hopefuls is they’re a collective bore, which, honestly, seems a greater concern to those writing and spitballing about the race than a reflection of some great upwelling of citizens clamoring for bread and circuses.

In scores of conversations with voters over the past year, the sentiment that came through, above all, was a sense of practicality and pragmatism. (And, this being a blue bastion, no small amount of horror, fear and loathing directed at the vengeful and belligerent Trump administration.)

It’s never been more challenging and expensive to live in California, a place of great bounty that often exacts in dollars and stress what it offers in opportunity and wondrous beauty.

With a governor seemingly more focused on his personal agenda, a 2028 bid for president, than the people who put him in office, many said they’d like to replace Gavin Newsom with someone who will prioritize California and their needs above his own.

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That means a focus on matters such as traffic, crime, fire prevention, housing and homelessness. In other words, pedestrian stuff that doesn’t light up social media or earn an invitation to hold forth on one of the Beltway chat shows.

“Why does it take so long to do simple things?” asked one of those voters, the Bay Area’s Michael Duncan, as he lamented his pothole-ridden, 120-mile round-trip commute between Fairfield and an environmental analyst job in Livermore.

The answer is not a simple one.

Politics are messy, like any human endeavor. Governing is a long and laborious process, requiring study, deliberation and the weighing of competing forces. Frankly, it can be rather dull.

Certainly the humdrum of legislation or bureaucratic rule-marking is nothing like the gossipy speculation about who may or may not bid to lead California as its 41st governor.

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Why else was so much coverage devoted to whether Sen. Alex Padilla would jump into the gubernatorial race — he chose not to — and the possible impact his entry would have on the contest, as opposed to, say, his thinking on CEQA or FMAP?

(The former is California’s much-contested Environmental Quality Act; the latter is the formula that determines federal reimbursement for Medi-Cal, the state’s healthcare program for low-income residents.)

Just between us, political reporters tend to be like children in front of a toy shop window. Their bedroom may be cluttered with all manner of diversion and playthings, but what they really want is that shiny, as-yet unattained object — Rick Caruso! — beckoning from behind glass.

Soon enough, once a candidate has entered the race, boredom sets in and the speculation and desire for someone fresh and different starts anew. (Will Atty. Gen. Rob Bonta change his mind and run for governor?)

For their part, many voters always seem to be searching for some idealized candidate who exists only in their imagination.

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Someone strong, but not dug in. Willing to compromise, but never caving to the other side. Someone with the virginal purity of a political outsider and the intrinsic capability of an insider who’s spent decades cutting deals and keeping the government wheels spinning.

They look over their choices and ask, in the words of an old song, is that all there is? (Spoiler alert: There are no white knights out there.)

Donald Trump was, foremost, a celebrity before his burst into politics. First as a denizen of New York’s tabloid culture and then as the star of TV’s faux-boardroom drama, “The Apprentice.”

His pizzazz was a large measure of his appeal, along with his manufactured image as a shrewd businessman with a kingly touch and infallible judgment.

His freewheeling political rallies and frothy social media presence were, and continue to be, a source of great glee to his fans and followers.

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His performance as president has been altogether different, and far less amusing.

If the candidates for California governor fail to light up a room, that’s not such a bad thing. Fix the roads. Make housing more affordable. Help keep the place from burning to the ground.

Leave the fun and games to the professionals.

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Kamala Harris blasts Trump administration’s capture of Venezuela’s Maduro as ‘unlawful and unwise’

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Kamala Harris blasts Trump administration’s capture of Venezuela’s Maduro as ‘unlawful and unwise’

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Former Vice President Kamala Harris on Saturday evening condemned the Trump administration’s capture of Venezuelan dictator Nicolás Maduro and his wife, calling the operation both “unlawful” and “unwise.”

In a lengthy post on X, Harris acknowledged that Maduro is a “brutal” and “illegitimate” dictator but said that President Donald Trump’s actions in Venezuela “do not make America safer, stronger, or more affordable.”

“Donald Trump’s actions in Venezuela do not make America safer, stronger, or more affordable,” Harris wrote. “That Maduro is a brutal, illegitimate dictator does not change the fact that this action was both unlawful and unwise. We’ve seen this movie before.

“Wars for regime change or oil that are sold as strength but turn into chaos, and American families pay the price.”

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SEE PICS: VENEZUELANS WORLDWIDE CELEBRATE AS EXILES REACT TO MADURO’S CAPTURE

Vice President Kamala Harris had strong words for the Trump administration’s capture of Venezuelan leader Nicolás Maduro. (Montinique Monroe/Getty Images)

Harris made the remarks hours after the Trump administration confirmed that Maduro and his wife were captured and transported out of Venezuela as part of “Operation Absolute Resolve.”

The former vice president also accused the administration of being motivated by oil interests rather than efforts to combat drug trafficking or promote democracy.

“The American people do not want this, and they are tired of being lied to. This is not about drugs or democracy. It is about oil and Donald Trump’s desire to play the regional strongman,” Harris said. “If he cared about either, he wouldn’t pardon a convicted drug trafficker or sideline Venezuela’s legitimate opposition while pursuing deals with Maduro’s cronies.”

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SECOND FRONT: HOW A SOCIALIST CELL IN THE US MOBILIZED PRO-MADURO FOOT SOLDIERS WITHIN 12 HOURS

President Donald Trump shared a photo of captured Venezuelan President Nicolás Maduro aboard the USS Iwo Jima after Saturday’s strikes on Venezuela. (Donald Trump via Truth Social)

Harris, who has been rumored as a potential Democratic contender in the 2028 presidential race, additionally accused the president of endangering U.S. troops and destabilizing the region.

“The President is putting troops at risk, spending billions, destabilizing a region, and offering no legal authority, no exit plan, and no benefit at home,” she said. “America needs leadership whose priorities are lowering costs for working families, enforcing the rule of law, strengthening alliances, and — most importantly — putting the American people first.”

MADURO’S FALL SPARKS SUSPICION OF BETRAYAL INSIDE VENEZUELA’S RULING ELITE

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CIA Director John Ratcliffe, left, President Donald Trump and Secretary of State Marco Rubio watch U.S. military operations in Venezuela from Mar-a-Lago in Florida early Saturday. (Donald Trump via Truth Social)

Maduro and his wife arrived at the Metropolitan Detention Center in Brooklyn late Saturday after being transported by helicopter from the DEA in Manhattan after being processed.

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Earlier in the day, Trump said that the U.S. government will “run” Venezuela “until such time as we can do a safe, proper and judicious transition.”

Harris’ office did not immediately respond to Fox News Digital’s request for comment.

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Fox News Digital’s Jasmine Baehr contributed to this report.

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On the ground in Venezuela: Shock, fear and defiance

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On the ground in Venezuela: Shock, fear and defiance

It was about 2 a.m. Saturday Caracas time when the detonations began, lighting up the sullen sky like a post-New Year’s fireworks display.

“¡Ya comenzó!” was the recurrent phrase in homes, telephone conversations and social media chats as the latest iteration of U.S. “shock and awe” rocked the Venezuelan capital. “It has begun!”

Then the question: “¿Maduro?”

The great uncertainty was the whereabouts of President Nicolás Maduro, who has been under Trump administration threat for months.

The scenes of revelry from a joyous Venezuelan diaspora celebrating from Miami to Madrid were not repeated here. Fear of the unknown kept most at home.

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Hours would pass before news reports from outside Venezuela confirmed that U.S. forces had captured Maduro and placed him on a U.S. ship to face criminal charges in federal court in New York.

Venezuelans had watched the unfolding spectacle from their homes, using social media to exchange images of explosions and the sounds of bombardment. This moment, it was clear, was ushering in a new era of uncertainly for Venezuela, a nation reeling from a decade of economic, political and social unrest.

Government supporters display posters of Venezuelan President Nicolás Maduro, right, and former President Hugo Chávez in downtown Caracas on Saturday.

(Matias Delacroix / Associated Press)

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The ultimate result was an imponderable. But that this was a transformative moment — for good or bad — seemed indisputable.

By daybreak, an uneasy calm overtook the city of more than 3 million. The explosions and the drone of U.S. aircraft ceased. Blackouts cut electricity to parts of the capital.

Pro-government youths wielding automatic rifles set up roadblocks or sped through the streets on motorcycles, a warning to those who might celebrate Maduro’s downfall.

Shops, gas stations and other businesses were mostly closed. There was little traffic.

“When I heard the explosions, I grabbed my rosary and began to pray,” said Carolina Méndez, 50, who was among the few who ventured out Saturday, seeking medicines at a pharmacy, though no personnel had arrived to attend to clients waiting on line. “I’m very scared now. That’s why I came to buy what I need.”

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A sense of alarm was ubiquitous.

People stand around cars and a motorbike at a crowded gas pump.

Motorcycles and cars line up for gas Saturday in Caracas. Most of the population stayed indoors, reluctant to leave their homes except for gas and food.

(Andrea Hernandez Briceno / For The Times)

“People are buying bottled water, milk and eggs,” said Luz Pérez, a guard at one of the few open shops, not far from La Carlota airport, one of the sites targeted by U.S. strikes. “I heard the explosions. It was very scary. But the owner decided to open anyway to help people.”

Customers were being allowed to enter three at a time. Most didn’t want to speak. Their priority was to stock up on basics and get home safely.

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Rumors circulated rapidly that U.S. forces had whisked away Maduro and his wife, Cilia Flores.

There was no immediate official confirmation here of the detention of Maduro and Flores, both wanted in the United States for drug-trafficking charges — allegations that Maduro has denounced as U.S. propaganda. But then images of an apparently captive Maduro, blindfolded, in a sweatsuit soon circulated on social media.

There was no official estimate of Venezuelan casualties in the U.S. raid.

Rumors circulated indicating that a number of top Maduro aides had been killed, among them Diosdado Cabello, the security minister who is a staunch Maduro ally. Cabello is often the face of the government.

But Cabello soon appeared on official TV denouncing “the terrorist attack against our people,” adding: “Let no one facilitate the moves of the enemy invader.”

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Although Trump, in his Saturday news conference, confidently predicted that the United States would “run” Venezuela, apparently during some undefined transitional period, it’s not clear how that will be accomplished.

A key question is whether the military — long a Maduro ally — will remain loyal now that he is in U.S. custody. There was no public indication Saturday of mass defections from the Venezuelan armed forces. Nor was it clear that Maduro’s government infrastructure had lost control of the country. Official media reported declarations of loyalty from pro-government politicians and citizens from throughout Venezuela.

A billboard with an image of President Nicolas Maduro and spray-painted graffiti.

A billboard with an image of President Nicolas Maduro stands next to La Carlota military base in Caracas, Venezuela, on Saturday. The graffiti reads, “Fraud, fraud.”

(Andrea Hernandez Briceno / For The Times)

In his comments, Trump spoke of a limited U.S. troop presence in Venezuela, focused mostly on protecting the oil infrastructure that his administration says was stolen from the United States — a characterization widely rejected here, even among Maduro’s critics. But Trump offered few details on sending in U.S. personnel to facilitate what could be a tumultuous transition.

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Meantime, Venezuelan Vice President Delcy Rodríguez surfaced on official television and demanded the immediate release of Maduro and his wife, according to the official Telesur broadcast outlet. Her comments seemed to be the first official acknowledgment that Maduro had been taken.

“There is one president of this country, and his name is Nicolás Maduro,” the vice president said in an address from Miraflores Palace, from where Maduro and his wife had been seized hours earlier.

During an emergency meeting of the National Defense Council, Telesur reported, Rodríguez labeled the couple’s detention an “illegal kidnapping.”

The Trump administration, the vice president charged, meant to “capture our energy, mineral and [other] natural resources.”

Her defiant words came after Trump, in his news conference, said that Rodríguez had been sworn in as the country’s interim president and had evinced a willingness to cooperate with Washington.

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“She’s essentially willing to do what we think is necessary to make Venezuela great again,” Trump said.

Pro-government armed civilians patrol in La Guaira, Venezuela

Pro-government armed civilians patrol in La Guaira, Venezuela, on Saturday after President Trump announced that President Nicolás Maduro had been captured and flown out of the country.

(Matias Delacroix / Associated Press)

Somewhat surprisingly, Trump also seemed to rule out a role in an interim government for Marina Corina Machado, the Venezuelan Nobel Peace Prize laureate and longtime anti-Maduro activist.

“She’s a very nice woman, but doesn’t have respect within the country,” Trump said of Machado.

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Machado is indeed a controversial figure within the fractured Venezuelan opposition. Some object to her open calls for U.S. intervention, preferring a democratic change in government.

Nonetheless, her stand-in candidate, Edmundo González, did win the presidency in national balloting last year, according to opposition activists and others, who say Maduro stole the election.

“Venezuelans, the moment of liberty has arrived!” Machado wrote in a letter released on X. “We have fought for years. … What was meant to happen is happening.”

Not everyone agreed.

“They want our oil and they say it’s theirs,” said Roberto, 65, a taxi driver who declined to give his last name for security reasons. “Venezuelans don’t agree. Yes, I think people will go out and defend their homeland.”

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Special correspondent Mogollón reported from Caracas and staff writer McDonnell from Boston. Contributing was special correspondent Cecilia Sánchez Vidal in Mexico City.

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