Trump, bill and Tax Credits
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The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
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.
President Donald Trump's second term continues to spark emotions - most recently with the approval of his controversial "One, Big, Beautiful Bill." What the polls reveal.
The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.
House Speaker Johnson says President Trump's "big, beautiful bill" will help the GOP in the midterms. Key Senate races are now in the spotlight as Republicans aim to hold their slim majority in 2026.
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But the ugly new law is one of the least popular acts ever.
Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.
Democratic Party officials are looking at the Big Beautiful Bill as a political gift and hoping voters view cuts to social spending negatively. But the party faces challenges ahead of the midterms, including a Republican trifecta and a base questioning if party leadership is doing enough to challenge President Trump.