US EditionWhat Trump’s Sweeping Domestic Policy Law Means for American Workers
UNITED STATES, JUL 9 – The new law raises the child tax credit to $2,200 but cuts Medicaid and food assistance by over $1 trillion, impacting more than 11 million people, advocates say.
- President Donald Trump signed the 'Big, Beautiful Bill' into law on July 4, 2025, in Washington, introducing tax breaks for tipped and overtime workers.
- The law allows workers earning under $150,000 to deduct up to $25,000 of tips and $12,500 of overtime pay on federal income taxes starting with the 2025 tax year.
- This federal deduction excludes payroll and state taxes, may save workers $1,600 to $1,800 annually, and applies retroactively to 2025 but is set to expire after 2028 unless renewed.
- The bill also increases the child tax credit to $2,200 per child permanently, expands childcare deductions for small businesses up to $600,000, and makes student loan repayment assistance tax-free.
- The law includes Medicaid and SNAP funding cuts, requiring able-bodied recipients to work 80 hours monthly, indicating broader social and economic effects beyond tax policy changes.
162 Articles
162 Articles
Digesting Trump’s Big Budget Law
The Host Julie Rovner KFF Health News @jrovner @julierovner.bsky.social Read Julie's stories. Julie Rovner is chief Washington correspondent and host of KFF Health News’ weekly health policy news podcast, “What the Health?” A noted expert on health policy issues, Julie is the author of the critically praised reference book “Health Care Politics and Policy A to Z,” now in its third edition. …
Trump's Unyielding Determination Fuels Major Domestic Accomplishments - Real News Now
In barely half a year into his term, President Donald Trump has impressively accomplished a vast majority of his campaign pledges. His bold maneuvers have included cutting taxes to stimulate the economy, launching strategic trade disputes, ensuring border security, and reducing superfluous elements of the federal government. Through his unyielding determination, he successfully navigated a crucial and comprehensive piece of legislation through C…
Breaking down Trump's policy act and its impact on Americans
It has been a week since Congress passed the Republicans' major budget act. But what’s in it and how it will affect Americans' day-to-day lives remains a mystery to most. Congressional correspondent Lisa Desjardins read the nearly 900-page law and joined Amna Nawaz to help make sense of it all.
Breaking down what's in Trump's big policy act and how it will affect Americans
It has been a week since Congress passed the Republicans' major budget act. But what’s in it and how it will affect Americans' day-to-day lives remains a mystery to most. Congressional correspondent Lisa Desjardins read the nearly 900-page law and joined Amna Nawaz to help make sense of it all.
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