President Donald Trump's legislative bill featuring tax reductions and Medicaid cuts passed the U.S. House of Representatives on Thursday, July 3, and is now headed to his desk to be signed into law.

The One Big Beautiful Bill Act creates a deduction of up to $25,000 for qualified tips received by tipped workers like restaurant servers, barbers and drivers. It also provides an above-the-line ...

Signing the One Big Beautiful Bill Act into law at a White House ceremony on Independence Day may go down as the signature legislative achievement of President Donald Trump’s second term – and ...

The GOP’s spending bill would permanently raise that maximum credit to $2,200 starting in 2025 and tie the amount to inflation going forward. There is no end date to the increase.

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even ...

The bill rolls back many of the clean energy tax incentives and investments created by the 2022 Inflation Reduction Act, throwing a major roadblock in the way of combating climate change. Since ...

Will Trump's big tax bill help or hurt you? Why it could depend on your income A new analysis found that higher earners stand to benefit most from the Senate's tax bill in the short run, but ...

The 'big, beautiful bill' divides America with 64% opposing it, as Republicans promise prosperity while Democrats warn of cuts amid a deepening crisis of trust in government.

The One Big Beautiful Bill Act (OBBBA) makes permanent the lower tax brackets with revised income thresholds established by the TCJA. OBBBA also makes the standard deduction, which was roughly ...

McCarthy Passing a bill this big with a majority so small in the House is a feat of extraordinary political acumen, like it or not. Trump returned to office with sky-high policy goals, and he’s ...

Big business groups, including the US Chamber of Commerce and Business Roundtable, applauded the Senate’s passage of the bill on Tuesday. Corporations are betting they will benefit from the ...