Beautiful Bill, Tax Break
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The president's tax bill brings charitable donation write-offs 'above the line,' allowing even filers who use standard over itemized deductions to claim the benefit.
Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate tax exemptions and expanded SALT deductions.
Toni Lawson with the Idaho Hospital Association said that roughly $1 trillion in Medicaid funding cuts will impact people who rely on the health insurance programs and rural hospitals in the state.
The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.
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.
For some strange reason, Trump's "won't somebody think of the unattractive billionaires" claim wasn't exactly the rallying cry he might have expected.
When Michelle Lawrence heard about Medicaid cuts in the Republican tax and spending bill, it felt like “a punch to the gut.”
President Trump's One Big Beautiful Bill includes several provisions expanding federal subsidies and tax benefits for the oil and gas industry. Among its most significant energy-related provisions, the legislation mandates the resumption of quarterly onshore oil and gas lease sales under the Mineral Leasing Act,