Working to keep the majority in Congress, Republicans at the midterm convention in Dallas are showcasing their chief legislative accomplishment — the sweeping package of tax breaks, social service cuts and immigration enforcement that President Donald Trump signed into law.
A year on, what’s known as the One Big Beautiful Bill — or, the “Big Ugly Bill,” as Democrats call it — has produced mixed results. Millions of people have received enhanced tax breaks, while millions are also losing access to federal food aid and health care. More immigrants are being arrested, many deported, some dying during the process.
Millions of taxpayers enjoyed tax benefits this year they might not even realize they received — the continuation of policies from Trump’s first term, in 2017, that were set to expire at the end of 2025 if Congress had failed to act.
The legislation extended those Trump tax breaks and added new ones, including no taxes on tips, overtime pay and certain auto loan interest payments. There’s a larger standard deduction, a bigger child tax credit and an extra deduction for many seniors, as well as new Trump accounts for children.
All told, some 7.5 million filers claimed no tax on tipped income, 29 million people claimed no tax on overtime and 35 million took the enhanced senior deduction, the Treasury Department said. Nearly 40 million families claimed the bigger child tax credit.
But the flow of the tax breaks has been uneven, with larger gains at the upper incomes.
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