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The tax benefit, which revives a provision of the 2017 tax cuts, only applies to business jets, not jets used for personal use.
The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.
The Democratic National Committee is showing where President Trump's bill could hurt people in the state, but the White House points to savings.
Senate Republicans say they have the votes to pass a package of $9 billion in spending cuts, which would give President Trump another big legislative victory in less than a month after GOP leaders
The bill permanently extends the major provisions of 2017’s Tax Cuts and Jobs Act, including lower tax rates, larger standard deduction, child tax credit, and full business expensing deductions for equipment and machinery, said Adam Michel, the director of tax policy studies at the Cato Institute.
The most important aspect of the passage of the Big Beautiful Bill (BBB), was preventing the 2017 tax cuts from expiring. Had the BBB failed, middle class families would have had to pay an additional $2100 per year in taxes,
8don MSN
Trump has signed the "big, beautiful" bill, enacting sweeping changes to programs like SNAP and Medicaid. Here's what Tennesseans should know.
Senate Majority Leader John Thune says Republicans “got the job done” in passing President Donald Trump’s big bill of tax breaks and spending cuts.
President Donald Trump's Big Beautiful Bill will lead to stronger economic growth and help Americans keep more of their paychecks.