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.)

The Social Security Administration caused a stir over the weekend after issuing a statement saying that the Republican legislation known as the One Big Beautiful Bill would eliminate taxes on benefits for a majority of beneficiaries,

The President promised no taxes on Social Security. The OBBBA keeps that promise for some taxpayers. It is not, however, a blanket (or permanent) exemption.