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Trump's 'Big Beautiful Bill': The complete tax guide for high-income earners
UNITED STATES, JUL 16 – The bill permanently increases the estate tax exemption to $15 million per person and boosts real wages for 5.2 million Indian Americans, among the highest-earning immigrant groups.
- On July 4, 2025, President Donald Trump enacted the Big Beautiful Bill, a comprehensive tax and spending law whose provisions begin August 1.
- After campaigning on tax relief, Trump says he is fulfilling several of his 2024 campaign promises, including making the 2017 Trump tax cuts permanent.
- With the bill, $75 billion is allocated for ICE, $150 billion is added to U.S. military spending, and the national debt is projected to increase by $3.4 trillion over 10 years.
- Alongside these cuts, the bill imposes new work requirements on SNAP and Medicaid recipients, with more than 12 million people expected to lose health insurance, according to the Congressional Budget Office and the Center for Economic and Policy Research.
- With expanded enforcement budgets, ICE’s roster will double and the federal EV tax credit ends on September 30.
50 Articles
50 Articles
Report: Missouri to see largest spike in household energy costs under Trump's bill
MISSOURI - The "One Big Beautiful Bill," the spending package recently signed by U.S. President Donald Trump, is expected to drive up utility bills over the next decade, with Missouri currently projected to see the highest increases in the nation. According to an analysis from Energy Innovation, Missouri households are projected to face the nation's steepest increase in annual utility costs, expected to rise by an estimated $640 by 2035. The Gua…
Trump's Big Beautiful Bill Could Hit Georgia College Students Hard
If you’re grinding through a part-time associate degree, navigating a graduate program at Emory, or relying on a Parent PLUS loan to get through your senior year at Fort Valley State — your financial reality is about to change. Donald Trump’s “Big Beautiful Bill,” recently signed into law, is a blueprint for a different kind […] The post Trump’s Big Beautiful Bill Could Hit Georgia College Students Hard appeared first on The Georgia Sun.
Where in US will Indian-Americans save big with Trump's new law
Trump's Big Beautiful Bill may take away healthcare cover for thousands of Indians in the US, but it will help Indian-Americans save big. An interactive White House map shows savings for individuals under Trump's new bill. This is how much and where Indian-Americans will end up saving in the US.
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