Trump’s “Big Beautiful Bill” narrowly clears House in midnight vote — here’s how it shakes up your taxes, benefits, and business bottom line

Trumps Big Beautiful Bill is making headlines after the House narrowly passed the sweeping tax and spending package. This 1,000-page proposal touches nearly every corner of American life—from lower tax rates and new “Trump accounts” to cuts in Medicaid and food aid. It promises major tax breaks for businesses, new savings options for families, and changes to energy and AI regulation. But critics warn of rising deficits and deep social cuts. With $3.3 trillion in projected deficits, and benefits tilted toward the wealthy, the bills future in the Senate remains uncertain. Here's what taxpayers and businesses need to know.