Reported about 12 hours ago
In anticipation of unveiling their extensive tax cut plan, Republicans worked closely with former President Donald Trump, ensuring his influence shaped the legislation titled the 'One Big Beautiful Bill Act.' This bill includes promises from Trump's campaign, such as eliminating taxes on overtime, introducing a $10,000 tax break for auto loans on American-made cars, and creating tax-free 'MAGA accounts' for newborns. As debates continue, the bill aims for over $5 trillion in tax cuts, raising concerns among Republicans about the impact on federal deficits. Despite pushback from various factions within the party, Trump’s active involvement is expected to guide the bill through to completion.
Source: YAHOO