tax cut, One Big Beautiful Bill
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During a recent episode of “ The Ramsey Show ,” personal finance expert Dave Ramsey and co-host George Kamel broke down President Donald Trump ‘s newly passed legislation, dubbed the “One Big Beautiful Bill Act.” Their verdict? It's mostly minor tax tweaks dressed up in bold branding.
Millions of American babies are eligible for "Trump Accounts" under the One Big Beautiful Bill Act that was signed into law by President Trump on July 4.
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Green energy proponents are rushing to complete projects after the recently passed budget bill set expiration dates for tax credits that had spurred investment in technologies ranging from
Rolling back the green energy subsidies will help pay for President Donald Trump’s tax cuts and policy priorities, including more border security. So, the electric vehicle tax credit will now end
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
Experts are now debating if the elimination will significantly hurt the industry or if solar adoption developed such momentum that it will continue to grow on its own. Trump’s bill won’t go into effect until Dec.
Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.
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GOP chair Michael Whatley touts Trump's domestic policy package as the embodiment of Republican promises on economy, border security and defense ahead of the 2026 midterm elections