Trump, Big Beautiful Bill
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Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
Democratic Party officials are looking at the Big Beautiful Bill as a political gift and hoping voters view cuts to social spending negatively. But the party faces challenges ahead of the midterms, including a Republican trifecta and a base questioning if party leadership is doing enough to challenge President Trump.
The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
22hon MSN
Nearly half of residential properties in San Jose, Sunnyvale and Santa Clara — 47.9% — have annual property-tax bills of at least $10,000. That’s on top of state income taxes the homeowners are paying, which can also be deducted under SALT rules.
Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.
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The tax and spending package includes $66.4 billion in new money for programs assisting farmers, strengthening the safety net if there is significant volatility in crop prices and revenues.
Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”