US EditionThe Big Beautiful Bill Moves Forward: A First Look At 10 Key Tax Cuts
- The House passed 'The Big Beautiful Bill' on May 22, 2025, in Washington, DC, approving major tax cuts and spending changes.
- The bill extends Trump's 2017 tax cuts permanently, raises tax deductions, and eliminates the federal solar installation tax credit, surprising many in the solar industry.
- It raises the federal cap on deductions for state and local taxes to $40,000, introduces additional deductions specifically for seniors, and implements reductions in funding for Medicaid and various other domestic programs.
- Solar consultant Cynthia Alvidrez said, "I woke up to a bunch of messages... The solar community, up in arms," warning the tax credit loss would hinder solar adoption.
- The bill's future depends on Senate changes, with some senators concerned about deficit impact and Medicaid cuts, and the House must approve any revisions.
18 Articles
18 Articles
Longview News-Journal
At Tyler town hall, U.S. Rep. Moran talks taxes, economy, and ‘One Big Beautiful Bill’
At a town hall hosted by Americans for Prosperity-Texas on Friday evening, U.S. Rep. Nathaniel Moran (R-Tyler) called for making the 2017 Tax Cuts and Jobs Act permanent, describing it as a critical step to protect jobs and ensure long-term…
Speaker Johnson claims Trump bill is ‘not going to add to the debt’ despite Senate GOP concerns
Speaker of the House Mike Johnson (R-La.) tells Meet the Press exclusively that President Trump’s “big beautiful bill” will not add to the federal deficit despite estimates showing it will add nearly $4 trillion to the national debt.
The Big, Beautiful Bill Explained: Part One
In part one of this special report presented by AMAC, John Solomon takes an in-depth look at President Trump's "big, beautiful bill" with insights from key figures including Kevin Hassett, President Trump's chief economic advisor. We explore the transformative elements of the bill, such as the REINS Act, projected economic growth, and the implications for American families. Join us as we discuss how this legislation aims to reshape the economy, …
'Big beautiful bill' approved by U.S. House would eliminate tax credit for solar panel installations
The current federal tax credit allows homeowners to save approximately $12,000 when they install solar systems. If the bill approved by the House were to become law, that would be eliminated.
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