Trump's 'Big Beautiful Bill' and Its Impact on Wealth and Taxes
Originally Published 6 months ago — by Business Insider
The 'Big Beautiful Bill' proposed by President Trump includes significant tax reforms, such as permanent extension of 2017 tax cuts, elimination of taxes on tips and overtime wages, and increased child tax credits. It also proposes repealing student loan forgiveness plans, introducing 'Trump accounts' for children, and imposing work requirements on Medicaid and SNAP recipients, potentially affecting millions of Americans' finances and access to benefits.