US EditionHow Business Lobbyists Scored Wins in Trump’s ‘Big, Beautiful Bill’ | News Channel 3-12
UNITED STATES, JUL 17 – The One Big Beautiful Bill Act makes permanent key 2017 tax cuts, reforms Medicaid and Medicare eligibility, and boosts child-care credits while impacting state budgets and tech industry taxes.
- On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act, initiating broad healthcare and tax reforms.
- The act is characterized by its tax cuts on tips and deduction caps, restrictions on healthcare and substantial immigration enforcement funding.
- Healthcare finance changes detail a PFS bump and new funding eligibility criteria, with Medicare updates adjusting the Physician Fee Schedule and beginning in 2026, federal funds cease for certain noncitizens.
- Healthcare practices will see fewer insured patients and more churn, while a decade-long pause on eligibility-streamlining rules allows system modernization.
- These changes may require updates to accounting policies, tax preparation workflows, and internal reporting structures, and expansion adults must clear an 80-hour-per-month work or education test starting in the first quarter of 2027 with semiannual eligibility checks.
35 Articles
35 Articles
How the ‘big, beautiful bill’ will deepen the racial wealth gap – a law scholar explains how it reduces poor families’ ability to afford food and health care
President Donald Trump and Secretary of State Marco Rubio watch Speaker of the House Mike Johnson on television after the House passed the bill on July 3, 2025. Joyce N. Boghosian/White House via APPresident Donald Trump has said the “big, beautiful bill” he signed into law on July 4, 2025, will stimulate the economy and foster financial security. But a close look at the legislation reveals a different story, particularly for low-income people a…
After 50 years, popular north suburban hot dog joint inducted into 'Hot Dog Hall of Fame'
President Donald Trump’s “big beautiful bill” has a section called “no tax on tips.” But the provision doesn’t eliminate tax on tips, which are still subject to payroll levies. Instead, it’s a deduction worth up to $25,000 for qualified workers — and it phases out, or gets reduced, once modified adjusted gross income exceeds $150,000. The tax break is available from 2025 to 2028, but questions remain about eligibility. President Donald Trump’s “…
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