Trump, bill
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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).
But the ugly new law is one of the least popular acts ever.
President Donald Trump's "big, beautiful bill" has passed the House of Representatives in a major win for the White House. Here's what's in it and what happens next
The House of Representatives yesterday narrowly passed a sweeping bill to fulfill President Trump’s domestic agenda by extending tax cuts and slashing social safety net programs.
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Blackburn: Trump signed a law that cuts your taxes, bolsters border security, and enhances Tennessee jobs, with zero cuts to Medicaid benefits.