US EditionHere’s How Trump’s ‘Big Beautiful Bill’ Would Impact Housing | News Channel 3-12
- Senate Republicans are negotiating the One Big Beautiful Bill Act’s tax provisions while balancing Senate and House approval as of June 16, 2025.
- The bill builds on fiscal trends from the 2017 Tax Cuts and Jobs Act that increased stock buybacks, lagged real wage growth, and widened inequality.
- Analyses show the bill would add about $2.4 trillion to federal debt by 2034 and cause cuts to Medicaid and food aid, potentially removing coverage for roughly 16 million mostly rural Americans.
- According to the Congressional Budget Office, individuals in the lowest 10% income bracket would face an average annual loss of around $1,600, whereas those in the highest 0.1% would see gains of approximately $12,000 under the bill’s terms.
- Proposed amendments may modify tax credits and deduction caps, with no official markup expected before the Fourth of July, and the bill’s impacts continue to prompt debate on federal priorities.
44 Articles
44 Articles
Guest commentary: Expanding Child Tax Credit will strengthen Idaho families
There are many tax reforms in the “One Big Beautiful Bill” currently being considered by the U.S. Senate — but one provision in particular deserves the support of Idaho families.
Expanded child care tax credits boost Britt’s pro-family GOP Senate agenda
The newly released text of the Senate Finance Committee’s sweeping tax package—dubbed the One Big Beautiful Bill Act—includes several family-focused provisions long championed by U.S. Senator Katie Britt, R-Ala., including key updates to child care tax credits. The legislation, led by Senate Republicans, would permanently extend major provisions of the 2017 Trump-era tax cuts while introducing new relief aimed at middle-class families. Among its…
Trump's "Big Beautiful Bill" would have some ugly consequences for Virginia housing
How is Trump’s “one big beautiful bill” connected to housing in Virginia? Video created: 2025-06-12T15:21:44.139Z The post Trump’s “Big Beautiful Bill” would have some ugly consequences for Virginia housing first appeared on Dogwood.
Colorado Springs Gazette
Washington ExaminerSenate GOP releases tax plan with smaller child tax credit boost
Senate Republicans released text Monday for the tax section of the One Big Beautiful Bill Act that includes a smaller boost to the child tax credit than the version of the bill passed by House Republicans. The Senate bill would…
Newsbug.info
Senate expected to drop tax, Medicaid edits to 'big, beautiful bill'
(The Center Square) – Senate Republicans are expected to reveal some of their revisions to the tax and Medicaid portions of the One Big Beautiful Bill Act, inching closer to a nail-biter floor vote.
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