US EditionWhat Trump’s Sweeping Domestic Policy Law Means for American Workers
UNITED STATES, JUL 09 – The bipartisan bill raises the child tax credit to $2,200 but cuts Medicaid by $1 trillion and reduces SNAP funding, shifting more costs to states and imposing work requirements.
- President Donald Trump signed a major tax and spending bill in Washington that takes effect for the 2025 tax year and includes a no-tax-on-tips provision.
- The bill responds to Trump’s campaign promise after meeting a Las Vegas waitress who highlighted the tax burden on tips and gains bipartisan support despite industry opposition.
- Under the new law, about 4 million U.S. tipped workers will be able to deduct up to $25,000 of their tipped income from federal taxable income if they earn less than $150,000 individually or $300,000 jointly.
- Ignacio Ayala, a restaurant owner, said, "I think this is great," while hospitality worker Nichole Stoke estimated the change would add a couple hundred dollars to paychecks annually.
- The provision will expire after 2028 unless renewed, and critics note it leaves out many workers, does not affect payroll or state taxes, and may have complex effects on wages and labor markets.
142 Articles
142 Articles
Second Harvest braces for SNAP cuts under Trump's 'big, beautiful bill'
Second Harvest Heartland, a Brooklyn Park-based food bank that ranks among the largest in the country, is bracing for an increase in food shelf visits after President Donald Trump’s domestic policy bill narrowly passed the House and Senate. The sweeping…
Cassidy says Trump budget bill ‘great news’ for Americans - American Press
President Trump’s ‘Big Beautiful Bill” was signed into law by Trump on Friday. U.S. Sen. Cassidy, R-La., one of the 218 to vote in favor of the bill, said the bill’s passage was the result of “Republican’s hard work.” While opponents of the bill have criticized cuts to social and health programs and increases in defense spending, and voiced concerns over long-term environmental effects, Republicans championed the bill as a salve for issues affec…
Protect Our Care: Trump deals fatal blow to the American people, signs law that strips millions of health care
17 Million Americans Will Lose Coverage, Uninsured Rate Will Explode Due to GOP Tax Scam Washington, D.C. – On July 4th, President Trump signed his big, ugly tax bill into law, sealing the fate of the American health care system....
Lawrence Summers: This law made me ashamed of my country
Last week, Robert Rubin and I warned of the many macroeconomic risks created by the domestic policy bill President Trump signed into law on Friday. I stand by our judgment that it will most likely slow growth, risk a financial crisis, exacerbate trade deficits and undermine national security by exhausting the government’s borrowing capacity. This is more than ample reason to regret its passage.
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