World Perspectives

One Big Beautiful Bill Unveiled in the Senate

The Senate Finance Committee and its chairman Senator Mike Crapo (R-Idaho) have unveiled their tax bill as part of budget reconciliation to extend the 2017 Trump Tax Cuts and Jobs Act. According to the Committee, the bill … prevents a more-than $4 trillion tax hike on American families and workers and makes the 2017 Trump tax cuts permanent; delivers additional relief to working families and seniors; powers the economy by restoring and making essential business provisions permanent; and achieves record savings.  The Senate version of Trump’s “One Big Beautiful Bill” would enact the following:

Restores the $10,000 State and Local Tax (SALT) deduction Makes most of the 2017 tax cuts permanent, including capital...

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From WPI Consulting

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