tax cut, The One Big Beautiful
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The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.
The One Big Beautiful Bill Act is “going to bring Pennsylvania roaring back and American manufacturing roaring back to life,” Vice President JD Vance said Wednesday afternoon to
Trump's legislation narrowly cleared Congress. Now the administration is facing the challenge of selling it to the public.
A new law ends solar and wind tax credits by 2027, forcing developers to accelerate projects or risk losing key Inflation Reduction Act incentives.
Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.
A reduction in the provider tax that funds the state share of Medicaid expansion could spell trouble for hospitals that rely on it.
The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.
Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.