President Donald Trump and the Republican Party’s top priority heading into next year’s midterm congressional elections will be selling the tax cuts in the One Big Beautiful Bill Act, a pitch that met a stiff headwind from the media and the Democratic Party.

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.

A sweeping new tax proposal known as the "Big Beautiful Bill Act" could reshape the financial landscape for millions of American taxpayers starting in 2026. Touted as a massive ov