All articles tagged with #one big beautiful bill
The IRS provides resources and guidance on the new tax law provisions from the One, Big, Beautiful Bill, including deductions for seniors, no tax on tips, overtime, and car loan interest, along with tools for taxpayers to manage their taxes and refunds efficiently.
The U.S. has introduced a new $250 'visa integrity fee' for nonimmigrant travelers, which is expected to generate nearly $29 billion over ten years and help reduce the federal deficit. The fee is refundable for travelers who comply with visa conditions and is part of the broader 'One Big Beautiful Bill' legislation.
The article criticizes the 'One Big Beautiful Bill' for prioritizing deficit reduction and energy cuts over AI safety and innovation, arguing it will hinder US competitiveness in AI, slow data center development, and benefit China and authoritarian regimes, ultimately risking the US falling behind in AI leadership and worsening climate impacts.
The House GOP plans to vote on the 'One Big Beautiful Bill' as early as Wednesday, after Senate approval, with a deadline to meet an Independence Day goal. The bill faces opposition from some Republicans over Medicaid provisions, and the process involves multiple steps including Senate passage, committee review, and House voting, with leaders working to secure enough votes.
The Trump administration's 'One Big Beautiful Bill' and related measures aim to significantly cut government spending, including $1.7 trillion in mandatory savings, reforms to entitlement programs, and a broader budget proposal to reduce non-defense spending by 22%, complemented by rescissions to cancel wasteful appropriations.