Some of the provisions in Republicans’ domestic policy package are effective immediately, while others don’t kick in for several years – notably, after the 2026 midterm elections.

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.

Big Beautiful Bill 101: What you need to know about the new law Big beautiful bill delivers on Donald Trump's promise of no tax on tips and overtime No tax on tips or overtime were promises Trump ...

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 ...

Republicans in Congress passed President Donald Trump's One Big Beautiful Bill Act, which extends a variety of tax cuts for Americans and businesses while creating new provisions.

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 ...

The Social Security Administration (SSA) and President Donald Trump claimed Thursday the president’s domestic policy bill will “eliminate” taxes on Social Security, but that’s not quite ...

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 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 ...

President Trump signed the One Big Beautiful Bill (BBB) on Friday July 4, 2025. Here’s an outline of some of the key details farmers need to know. Reference prices and the calculating of ...

President Donald Trump's 'One, Big Beautiful Bill' is a sprawling megabill that includes a projected $4 trillion in tax cuts at the expense of many government program, such as Medicare, Medicaid ...

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 ...