US EditionBe aware of One Big Beautiful Bill tax impacts
MARYLAND, AUG 9 – The bill provides significant tax breaks for seniors and workers but cuts healthcare and food benefits for nearly 615,000 Maryland residents, increasing the federal deficit by $3 trillion, watchdogs say.
- Recently, President Donald Trump passed the nearly 900-page 'One Big Beautiful Bill', which permanently cements tax relief and unleashes growth policies.
- Surging growth and rising paychecks prompted the administration, with tariff revenues soaring to record levels, proving critics wrong.
- Key provisions deliver no tax on overtime and tips, allowing millions of hourly and tipped workers to keep roughly $1,400 back annually and enabling taxpayers to deduct up to $1,000 in charitable donations.
- Despite tax relief, about 70,000 Marylanders insured by the Affordable Care Act and 175,000 Maryland Medicaid recipients will lose coverage, while nearly 370,000 Maryland families risk SNAP losses.
- Despite warnings of rising deficits, the Congressional Budget Office says tariff collections could cover the tax cuts, while the Committee for a Responsible Federal Budget reports the bill adds at least $3 trillion to the deficit.
12 Articles
12 Articles
The Virginian Pilot
Daily PressColumn: Washington should take note of Virginia’s regulatory pruning
President Donald Trump’s One Big Beautiful Bill Act includes $100 million for the Office of Management and Budget “to pay expenses associated with improving regulatory processes and analyzing and reviewing rules.” If that money is put to use in the way several states have done to reduce built-up red tape, the return on investment will make even the crankiest budget hawk crack a smile. A recent Council of Economic Advisers report found that just …
Johnny Olszewski: Andy Harris’ weak defense of ‘big, beautiful bill’
My colleague Congressman Andy Harris must be exhausted. After reading the linguistic acrobatics deployed to explain his recent vote on the so-called “big beautiful bill,” it’s hard to know where to start a response. Perhaps his biggest contortion: The Harris-led House Freedom Caucus — a group of conservative hardliners whose core priorities are reducing government spending and our country’s deficit — helped to ensure that Marylanders won’t be sa…
Idaho Press
Post RegisterIt's the Law: How the Big Beautiful Bill may affect you
Q. What is in the Big Beautiful Bill that was just passed? How will it affect me?
United States: Provisions in the One Big Beautiful Bill Act that encourage domestic investment
Tax News and Developments July 2025 In brief The recently enacted reconciliation bill (the One Big Beautiful Bill Act or OBBBA) creates several new provisions that, depending on the right facts, can make domestic business more attractive. The OBBBA includes provisions that provide relief from US tax liability in the form of deductions and credits, as well as extending beneficial Tax Cuts and Jobs Act-era (TCJA) provisions. The impact of these ne…
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