President Donald Trump is making headlines with the ‘One Big Beautiful Bill Act,’ a new Republican tax bill proposing temporary tax relief on overtime and tips, tax credits for American-made car loans, and ‘MAGA accounts’ for children born during Trump’s second term. House Republicans, led by Speaker Mike Johnson, are relying on Trump’s influence to advance the bill, with Trump actively lobbying and negotiating to secure support despite the slim Republican majority. This demonstrates Trump’s deeper involvement in tax legislation compared to his first term. Republicans are optimistic his engagement will ensure the bill’s success as it nears a vote.
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