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Trump’s ‘Big Beautiful Bill’ has been signed into law. What does that mean?
Trump's 'Big Beautiful Bill' contains roughly $4.5 trillion in tax cuts and solidified the tax cuts from Trump’s first term. The wealthiest families will enjoy a $12,000 increase at the cost of the poorest people having to pay an additional $1,
Big Beautiful Bill 101: What you need to know about the new law
In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to become a law. But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through Congress in recent days and landed on his desk in time for him to sign it into law by his July 4 deadline.
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction ...
10dOpinion
But the ugly new law is one of the least popular acts ever.
President Donald Trump's "big, beautiful bill" has passed the House of Representatives in a major win for the White House.
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6dOpinion
Blackburn: Trump signed a law that cuts your taxes, bolsters border security, and enhances Tennessee jobs, with zero cuts to Medicaid benefits.
WSJ subscribers can submit their questions to our tax policy reporter and a news associate in the comments space. Sort by ...
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