What’s in the tax and spending bill that Trump has signed into law -

💨 Abstract

On July 4, 2025, President Trump signed a sprawling 900-page tax and spending cut bill into law, largely along party lines. Key provisions include: - $4.5 trillion in tax cuts, making Trump’s 2017 tax cuts permanent. - New deductions for tips, overtime, auto loans, and older adults. - An increase in the child tax credit and changes to state and local tax deductions.

Courtesy: WTOP Staff