Tax Exemption, Beautiful Bill
Digest more
For future medical students, whose education is notoriously expensive, the changes could be particularly worrying: The median cost for a medical student’s education at private school is $390,848, while the median cost for in-state public school is $286,454, according to the Association of American Medical Colleges.
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
New York Gov. Kathy Hochul and other NY officials spoke in Kingston July 18 to condemn the impacts of the "big beautiful bill" on local residents.
White House deputy chief of staff of policy and advisor Stephen Miller discusses the Trump administration's efforts to deport illegal aliens on 'Hannity.'
An analysis by the Maryland Department of Health projects an annual loss of $2.7 billion because of changes to Medicaid.
Explore more
While a budget surplus exists in Georgia, the impact of federal cuts remains unclear, prompting a cautious approach from Gov. Kemp.
Republicans in the U.S. House are looking to take a victory lap in Las Vegas July 25 to tout the passage of President Donald Trump’s “Big Beautiful Bill” with a field hearing