Trump, tax and spending law
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President Donald Trump's second term continues to spark emotions - most recently with the approval of his controversial "One, Big, Beautiful Bill." What the polls reveal.
The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
House Speaker Johnson says President Trump's "big, beautiful bill" will help the GOP in the midterms. Key Senate races are now in the spotlight as Republicans aim to hold their slim majority in 2026.
The millions of Americans with student loans, who have already experienced whiplash in federal policy since the pandemic, must again brace for change.The "big, beautiful bill" that President Trump signed into law on July 4 overhauls the federal student loan system by reducing the number of repayment plan options down to two from seven and capping the amount individuals can borrow for higher education.
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PCMag on MSNInterested in Clean-Energy Tax Credits? The Clock Is Ticking Thanks to Trump’s 'Big Beautiful Bill'You now have less than six months to claim a tax break for a heat pump, solar panels, and other expenses to make your abode greener.
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 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.