Trump's 'Big Beautiful Bill' becomes law
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The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
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The bill will cap total medical loans at $200,000 — far below the more than $300,000 median cost of attending medical school.
Democratic lawmakers from New Hampshire unite against President Donald Trump's $3.4 trillion bill, but the party's progressive base is "frustrated" with the lack of action in the fight against the Republican package.
In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to become a law. But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through Congress in recent days and landed on his desk in time for him to sign it into law by his July 4 deadline.
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire in at the end of 2028.
Professional poker players and sports bettors, and a handful of members of Congress, are demanding a change to the massive tax and spending bill President Donald Trump signed into law last week, arguing that a provision tucked into the measure late in the legislative process unfairly taxes gamblers on “phantom” winnings.
The sweeping bill that will cut taxes and impact funding to social programs was passed in the House by a vote of 218-214 on Thursday, July 3.