7 Things Christians Need to Know about Trump's ‘Big Beautiful Bill’

If this bill hadn’t passed, it would have brought on a tax increase that would have been the largest that America has ever seen. 91 percent of tax payers would have lost half of their standard deductions, and the typical tax payer would have been slammed with a 22 percent tax increase. In addition, the Child Tax Credit would have been reduced by half for 40 million families, and the $1000 investment accounts for American newborns would have been rescinded, according to Gingrich 360. The passing of this legislation is expected to increase take-home pay by over $10,000 per year for the average family. It will also expand childcare access, according to WhiteHouse.gov.

As for businesses, roughly 26 million small businesses would have been pummeled with a tax rate hike to 43 percent, and about 6 million jobs would have disappeared, according to Gingrich 360. The new legislation is expected to make the small business deduction permanent, which is anticipated to help small businesses grow, according to WhiteHouse.gov.

Making good on a campaign promise, this new legislation will exempt tips and overtime pay from being taxed. In addition, a deduction can be taken for auto loan interest payments, according to NBC News.

The new law will cover up to $10,000 on the interest of a new car loan if the car is under 14,000 pounds and is assembled in the United States. Purchases made between 2025 – 2028 are covered, according to USA Today.

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No doubt that every retiree drawing social security will be rejoicing over this one. This was even confirmed by the Social Security Administration on its website. In a nutshell, the new law will eliminate federal income taxes on Social Security benefits for about 90 percent of beneficiaries. It also “provides an enhanced deduction for taxpayers aged 65 and older,” the website noted. The enhanced deduction is anticipated to be $6000 for seniors who earn $75,000 or less per year, according to NBC Chicago. The tax deduction, combined with other deductions, is expected to zero out social security taxes for seniors. 

The current cap on state and local deductions (SALT) would be expanded from $10,000 per year to $40,000 per year, according to NBC Chicago. The SALT deduction is typically claimed by those making more than $100,000, and is primarily applicable to California, New York, New Jersey, Illinois, Texas, and Pennsylvania, according to TaxFoundation.org.

The new law calls for $350 billion in funds to be used toward various enhanced national security measures. A few items include the U.S.–Mexico border wall, an increase in detention facility beds of 100,000, and the construction of a defensive dome (Golden Dome) over the United States to protect America from possible missile strikes or air strikes, according to NBC Chicago. Funds will also go toward expansion of America’s naval fleet, hiring additional federal immigration personnel, as well as attorneys and judges who can expedite the immigration process for those choosing to immigrate to America legally, according to Gingrich360.

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Some of the cuts that were proposed for Medicaid involved funds that were going to illegal immigrants. Changes are also being proposed to the determination process for those who are truly unable to work and need Medicaid, versus those who are capable of working, according to Gingrich 360. SNAP is being reassessed to eliminate fraud and ensure that those on the program who truly need that assistance receive it, according to WhiteHouse.gov. There are states that receive tens of billions of dollars from the federal government, and those funds are being prioritized to Planned Parenthood by some states rather than going toward Medicaid programs intended for elderly and disabled Americans, according to an American Family Association report picked up by Daily Citizen.  

“Healthcare resources are not infinite,” Dr. Jameson Taylor, the Director of American Family Association Center for Governmental Renewal, told the Daily Citizen. “Medicaid can’t cover everything or everyone.”