Reported 2 days ago
President Donald Trump has enacted the comprehensive ‘One Big Beautiful Bill’ (OBBB), a tax legislation that will significantly alter the financial landscape for millions of Americans. The nearly 900-page bill introduces a variety of tax provisions, including reduced rates for the wealthy while cutting social safety net programs. While it aims to stimulate economic growth, analyses predict it will worsen conditions for lower-income earners, with substantial impacts on student loans and healthcare access. Key changes include permanent tax cuts for higher earners, new provisions for child tax credits, increased state tax deduction caps, extensive Medicaid cuts, and stricter student loan repayment plans.
Source: YAHOO