Trump, One Big Beautiful Bill
Digest more
WASHINGTON (AP) — Senate Democrats reintroduced a bill Tuesday to restore and expand protections enshrined in the Voting Rights Act of 1965, their latest long-shot attempt to revive the landmark law just days before its 60th anniversary and at a time of renewed debate over the future administration of American elections.
In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to become a law. But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through Congress in recent days and landed on his desk in time for him to sign it into law by his July 4 deadline.
Big Beautiful Bill affects personal injury plaintiff firms. The double tax is now permanent, but there's no litigation finance tax avoided or AI regulation moratorium.
Both Democrats and Republicans continue their back and forth as the president’s signature tax bill begins to take effect.
The Senate Banking Committee on Tuesday unanimously approved a major housing bill, showing how widely the crisis is being felt around the country.
8don MSN
Trump's 'big, beautiful bill' is projected to add $3.4 trillion to the debt, budget office says
The law will also "increase by 10 million the number of people without health insurance" over the coming decade, the nonpartisan Congressional Budget Office estimated.
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).
President Donald Trump has promised that the “big, beautiful bill” passed by the Senate and being considered by the House of Representatives will be one of the most successful pieces of legislation in American history.
The bill comes in response to ICE's increasing use of plainclothes and masked officers during immigration raids and operations, a practice that hinders identification.