Trump, bill
Digest more
But the ugly new law is one of the least popular acts ever.
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).
President Donald Trump's "big, beautiful bill" has passed the House of Representatives in a major win for the White House. Here's what's in it and what happens next
The House on Thursday passed the signature piece of legislation of President Trump's second term, approving his "big, beautiful bill" by a vote of 218 to 214.
WSJ subscribers can submit their questions to our tax policy reporter and a news associate in the comments space. Sort by ‘Most Liked’ to see their responses.
Blackburn: Trump signed a law that cuts your taxes, bolsters border security, and enhances Tennessee jobs, with zero cuts to Medicaid benefits.