Effects of Trump's 'big, beautiful bill' will be seen soon
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17hon MSNOpinion
A reader says government leaders must advocate for policies that benefit all citizens, not just the privileged few.
Lawmakers, trade professionals and professional bettors worry about a new Republican provision that will reduce the deduction for gambling losses.
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 phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
At this moment of deep political division, bold ideas to preserve American democracy are more important than ever. For once, the deficit hawks are right. The tax cuts for the wealthy in the Republican budget could cause the third economic meltdown this century. Unlike the Financial Crisis and the pandemic, we couldn’t spend our way out.
Student loan restrictions in the new Republican tax and spending law could exacerbate the student loan crisis, and deepen racial and gender wealth gaps.
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An analysis by the Maryland Department of Health projects an annual loss of $2.7 billion because of changes to Medicaid.
Trump's One Big Beautiful Bill cuts taxes, boosts border security, and reforms Medicaid—now the GOP must win the messaging battle.
President Donald Trump’s One Big Beautiful Bill Act, signed into law earlier this month, will likely change the nation’s energy landscape — potentially leading to higher power costs just as the race to grow artificial intelligence heats up.