Trump, budget bill
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7hon MSN
Debate over President Donald Trump’s sweeping budget-and-policy package is over on Capitol Hill. Now the argument goes national.
The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
The sweeping bill that will cut taxes and impact funding to social programs was passed in the House by a vote of 218-214 on Thursday, July 3.
The tax code is becoming charitable to many more donors thanks to changes in the new tax and spending law. That’s going to help nonprofit organizations that rely on donations, and also everyday Americans who are navigating new tax-code complexities within the One Big Beautiful Bill Act that President Donald Trump signed into law on July 4.
New tax provisions could help startups get acquired faster and bring bigger tax-free gains to investors.
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Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
Democratic Party officials are looking at the Big Beautiful Bill as a political gift and hoping voters view cuts to social spending negatively. But the party faces challenges ahead of the midterms, including a Republican trifecta and a base questioning if party leadership is doing enough to challenge President Trump.