Government Episodes

What Does the “Big Beautiful Bill” Actually Change? A sweeping 887-page tax and spending bill has passed Congress and been signed into law. This legislation: • Permanently extends most 2017 tax cuts • Adds an estimated $3.3–$3.4 trillion to the federal deficit • Reduces Medicaid funding (impacting millions) • Tightens SNAP eligibility requirements • Adjusts SALT deductions (up to $40,000 cap) • Introduces new deductions for tips and seniors • Cuts certain clean energy incentives • Rais...