Trump's 'big, beautiful bill' passed by Senate Republicans
MSNBC2 days
This historic legislation delivers on core Republican promises by permanently extending tax relief for working families, securing the border with $160 billion in enforcement funding, and unleashing American energy dominance. The bill prevents a massive $4 trillion tax increase while boosting defense spending and creating millions of jobs through pro-growth policies.
The bill represents a massive giveaway to the wealthy at the expense of vulnerable Americans, cutting over $1 trillion from Medicaid and food assistance while providing generous tax breaks to billionaires and corporations. Nearly 12 million people will lose health insurance while rural hospitals face closure to fund tax cuts for the rich.
There's a 69% chance that the 2025 reconciliation bill will include a deduction for overtime income in tax year 2026, according to the Metaculus prediction community.