House GOP Unveils Sweeping Tax Bill Backed by Trump

House GOP Unveils Sweeping Tax Bill Backed by Trump

House Republicans have introduced a massive 389-page proposal dubbed “The One, Big, Beautiful Bill,” signaling former President Trump’s push for a new wave of tax reforms ahead of the election.

 The legislation seeks to extend the 2017 tax cuts and includes fresh breaks on tips, overtime pay, auto-loan interest, and Social Security income. 

It also proposes the creation of $1,000 “MAGA” savings accounts for children and raises the SALT deduction cap to $30,000.