Trump's Big Beautiful Tax Bill
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7don MSN
Trump says the "Big Beautiful Bill" eliminates taxes on Social Security benefits. However, the bill's text shows that's not quite the case.
President Donald Trump will meet with his Cabinet at the White House at 11 a.m. Tuesday for the first time after signing the One Big Beautiful Bill Act late last week. Trump signed the sweeping legislation on Friday’s Fourth of July holiday,
The Big Beautiful Bill, officially signed into law on July 4, makes major changes to the tax code this year. After significant jaw-boning and contentious debate, President Donald Trump successfully won enough support in the House and Senate to usher the 900-plus page One Big Beautiful Bill Act across the finish line.
Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.