Trump, tax and spending law
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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.
The "big, beautiful bill" signed into law​ by President Trump last week will allow him to dramatically expand his immigration crackdown.
Trump’s unrelenting push to destroy American institutions and line his own pockets at our expense is as frightening as it is exhausting.
Medicaid cuts from President Trump's "big, beautiful bill" will not take effect until after the midterms. However, there is concern in the GOP over how the megabill will impact the 2026 elections. Punchbowl News co-founder Jake Sherman,
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 and capping the amount individuals can borrow for higher education.
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Contained in the new federal spending law formerly known as the "Big Beautiful Bill" is funding for 17 icebreakers, 21 cutters, more than 40 helicopters and six large patrol airplanes, Coast Guard officials said. It could take as long as 15 years to get the first of the large ships commissioned, according to government estimates.
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.