The "One Big Beautiful Bill" is phasing out energy tax credits that Iowa utilities rely on. Here's how much those changes could increase your bill.

President Donald Trump’s "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, according to the nonpartisan Congressional Budget Office.

Millions of American babies are eligible for "Trump Accounts" under the One Big Beautiful Bill Act that was signed into law by President Trump on July 4.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.

The Democratic National Committee is showing where President Trump's bill could hurt people in the state, but the White House points to savings.