Trump, tax cut
Digest more
19mon MSN
President Donald Trump’s "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, according to the nonpartisan Congressional Budget Office.
8h
The Cool Down on MSNNew analysis reveals how much the 'Big Beautiful Bill' will increase utility bills in every state — here's how much it could cost youThe One Big Beautiful Bill Act was signed into law July 4. While the legislation extends some tax cuts for the middle class implemented under President Donald Trump's 2017 Tax Cuts and Jobs Act, new analysis demonstrates that utility bills will increase across the country.
The 900-page federal bill is expected to promote private schools at the expense of public ones, reduce student loan options and food assistance, cut into school budgets and heavily tax private university endowments.
While a budget surplus exists in Georgia, the impact of federal cuts remains unclear, prompting a cautious approach from Gov. Kemp.
Cuts to SNAP and Medicaid benefits could hurt low-income workers, while tax breaks in the same bill will disproportionately benefit wealth business owners, adding to the gap between rich and poor.
Explore more
A new law ends solar and wind tax credits by 2027, forcing developers to accelerate projects or risk losing key Inflation Reduction Act incentives.
The One Big Beautiful Bill Act is “going to bring Pennsylvania roaring back and American manufacturing roaring back to life,” Vice President JD Vance said Wednesday afternoon to
Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.