US EditionTerry Savage: Impact of the Budget Bill
PUERTO RICO, JUL 10 – The bill extends tax cuts, raises child tax credits, and changes nutrition assistance in Puerto Rico while enforcing new rules for legislators, impacting millions nationwide, the Congressional Budget Office said.
- The budget bill of 2025, called the One Big Beautiful Bill, is now law.
- The bill maintains tax cuts that were set to expire, benefiting residents in high-tax states.
- Taxpayers age 65 and older can receive a $6,000 deduction under specific income limits.
- Cuts in Medicaid spending will lead many states to discontinue programs for seniors, affecting health care services.
39 Articles
39 Articles
Tom Emmer predicts a year from now, budget bill will be 'immensely popular'
For now, the budget bill is unpopular, according to polls ranging from the Washington Post to FOX News, in which, on average, 55% of surveyed Americans opposed it, while 31% supported it.
Rep. Omar on Trump's budget bill impacting MN [RAW] | FOX 9 Minneapolis-St. Paul
U.S. Rep. Ilhan Omar, a Democrat from Minnesota, held a press conference on President Donald Trump's "big beautiful bill," with her team calling it "the big ugly budget betrayal bill", to discuss the impacts it could have on Minnesota families.
The Quad-City Times
Terry Savage: Impact of the budget bill
The budget bill of 2025— labeled the One Big Beautiful Bill— is now law. Everyone has opinions about its controversial provisions. But this column is meant to consider its likely impact on your financial planning for life, now and in…
The Bush Wealth Advantage: Five Key Impacts of the One Big Beautiful Bill Act
On July 3, 2025, Congress passed and on July 4th the President signed into law the “One Big Beautiful Bill Act” (OBBBA), a sweeping fiscal package aimed at tax reform, business incentives and feder…
Coverage Details
Bias Distribution
- 89% of the sources are Center
To view factuality data please Upgrade to Premium
