President Trump's campaign promise to eliminate taxes on Social Security benefits for retirees has been replaced by a modest $4,000 deduction, leaving many feeling shortchanged.

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.