Trump, Big Beautiful Bill and taxes on Social Security
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New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.
The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
But the ugly new law is one of the least popular acts ever.
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The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan interest of up to $10,000 annually for qualified vehicles.
U.S. Rep. Arrington joined local and state leaders in West Texas to talk about wins and the impact of the One Big Beautiful Bill. Here's what was said.
The GOP measure includes tax cuts and spending reductions, as well as immigration enforcement funding.