US EditionTrump’s Tax and Spending Law Is a Short-Term Win but Long-Term Headache for Wall Street
ERIE COUNTY, NEW YORK, JUL 16 – The law permanently extends 2017 tax cuts, raises child tax credit to $2,200, and introduces new savings accounts for children, benefiting millions of Americans, including seniors and small businesses.
- On July 4th, 2025, President Donald Trump signed the One Big Beautiful Bill into law, reshaping the tax code with sweeping reforms.
- Amid expiring TCJA provisions, the law locks in lower rates and simplifies filing for non-itemizers.
- Under the new law, the child tax credit becomes $2,200, the standard deduction rises to $31,500, and newborns gain a government-backed savings account.
- Few Democratic representatives and no senators backed the law, and economists warned of debt concerns.
- Individual tax rates are extended beyond January 1, 2026, while QBI deduction thresholds rise after December 31, 2025.
57 Articles
57 Articles
How Trump's 'big, beautiful bill' ends decades of temporary tax policy games in Washington
Signing the One Big Beautiful Bill Act into law at a White House ceremony on Independence Day may go down as the signature legislative achievement of President Donald Trump’s second term – and not just for the obvious reasons.Yes, the bill includes many provisions that conservatives consider beautiful. It takes welfare benefits from illegal immigrants, implements reasonable work requirements for able-bodied adults without children, phases out ma…
Tax Implications of $1,000 ‘Trump Accounts’ for Children
A new tax-advantaged savings program created under President Donald Trump’s One Big Beautiful Bill Act is set to give American newborns a financial head start, while potentially adding some complexity to family finances and tax planning. Under the bill, babies born in the United States between Jan. 1, 2025, and Dec. 31, 2028, will receive $1,000 from the federal government deposited into newly created “Trump Accounts,” investment vehicles modele…
Trump’s tax and spending law is a short-term win but long-term headache for Wall Street
President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling concerns about the long-term health of the US economy, investors say.
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