5 Things Investors Need to Know About Trump's "One, Big, Beautiful Bill"
The U.S. House of Representatives has unveiled a legislative package dubbed "One Big, Beautiful bill," a phrase President Donald Trump has now said several times on his various social media accounts or in front of media. The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.However, the bill also proposes other initiatives aimed at border security, energy, and spending cuts. If passed, the bill could go down as one of Trump's landmark pieces of legislation, although it still has to go through the U.S. Senate. Treasury Secretary Scott Bessent has said he would like to see the bill passed into law by July 4. Here are 5 things investors need to know.Trump and the Republicans have been talking about tax cuts since Trump won the election back in November, and now they have arrived. The first order of business in the bill is to make the 10-year tax cuts passed by Trump in his first term through the Tax Cuts and Jobs Act of 2017 permanent. Some of the more notable items in this bill included lowering individual tax bracket rates anywhere from 1% to 4%, setting a single corporate tax rate of 21%, and increasing the standard deduction.Continue reading
The U.S. House of Representatives has unveiled a legislative package dubbed "One Big, Beautiful bill," a phrase President Donald Trump has now said several times on his various social media accounts or in front of media. The bill attempts to combine several priorities in Trump's legislative agenda with a clear emphasis on tax cuts.
However, the bill also proposes other initiatives aimed at border security, energy, and spending cuts. If passed, the bill could go down as one of Trump's landmark pieces of legislation, although it still has to go through the U.S. Senate. Treasury Secretary Scott Bessent has said he would like to see the bill passed into law by July 4. Here are 5 things investors need to know.
Trump and the Republicans have been talking about tax cuts since Trump won the election back in November, and now they have arrived. The first order of business in the bill is to make the 10-year tax cuts passed by Trump in his first term through the Tax Cuts and Jobs Act of 2017 permanent. Some of the more notable items in this bill included lowering individual tax bracket rates anywhere from 1% to 4%, setting a single corporate tax rate of 21%, and increasing the standard deduction.
