Republicans David Schweikert of Arizona and Andrew Garbarino of New York did not vote on the measure. Fiscally conservative Republicans Thomas Massie and Warren Davidson broke from their party to vote against the bill. On the morning of May 22, the United States House of Representatives passed OBBBA by a vote of 215–214–1, mostly along party lines.
Advanced manufacturing, carbon sequestration, biofuel, and nuclear power credits remain largely intact (nuclear power even gets a new 10% bonus credit), subject to the aforementioned foreign entity of concern rules. Green hydrogen production credits are terminated by December 2027, rather than 2033. The OBBBA also severely limits the credits’ transferability in dedicated markets. Withdrawals are subject to taxation in the same way as traditional IRAs are.k When the child reaches age 18, the funds will be rolled into a traditional IRA.
In 2025, Congress passed 22 “CRA” resolutions that Trump signed into law, according to the American Action Forum, a conservative group tracking the issue. The law also slashes clean energy funding that Democrats passed in 2022. Democrats have focused their criticism on the bill’s $1 trillion in Medicaid cuts, included to help reduce the red ink. Also significant are the spending provisions in the massive law. From approving Trump’s signature tax-cut and spending legislation to repealing a record number of regulations under a fast-track procedure, the actions taken on Capitol Hill this year will have an impact on just about every American.
- It phases out some clean energy tax credits that were included in the Biden-era Inflation Reduction Act, and promotes fossil fuels over renewable energy.
- Effective January 1, 2026, eligible educators may also take an itemized tax deduction for unreimbursed education costs in excess of $300 per year (or $600 if married filing jointly).
- The law increases the reporting threshold for Form 1099-MISC and Form 1099-NEC from $600 to $2,000 in 2026.
- The excise tax is supposed to be paid by the sender of the remittance; the transfer provider must pay the excise tax if the sender does not.
- It also described it as filled with “a series of novel, populist and temporary cuts that Mr. Trump cooked up during the 2024 campaign to try to win the support of key constituencies” and that it was ultimately an “apotheosis of a traditionally conservative, supply-side philosophy”.
- These provisions represent a direct assault on federal employees and their labor unions and will make it that much harder for federal agencies to recruit and retain the qualified employees they desperately need to serve the American public.
Tax deductible for loan interest for U.S.-assembled cars
The law made permanent a temporary rule that allowed health plans to cover telehealth services without a deductible and still be compatible with a health savings account. Student loan repayments made by employers to their employees were temporarily tax-free to the employees but they are now permanently tax-free. Food or beverage provided to employees on certain fishing vessels or certain fish processing facilities for the employer’s convenience is 100% tax deductible to the employer, up from 50% previously. The act also expands qualified childcare expenses to include contracted third parties that provide childcare to the employees. A 529 plan will be allowed to distribute funds for eligible costs of a state and federal licensing program, an industry certification program, or a registered apprenticeship program after July 4, 2025.
Who won World War I?
The law makes permanent a temporary limit on cash tax deductions for charitable contributions of up to 60 percent of their adjusted gross income to 501(c)(3) public charities. It includes a permanent $200 increase in the child tax credit, a 1% tax on remittances, and a tax hike on investment income from college endowments. Workers would still need to report tips as taxable income, but the deduction can reduce the federal tax liability otherwise owed. The No Tax on Tips provisions only reduce federal income tax liability and do not affect tax liability for purposes of the Federal Insurance Contributions Act, which funds Social Security and Medicare, or any other federal, state, or local tax law.
Big Four (World War I)
While the tax extensions affected all levels of income earners, Democrats noted that a disproportionate share of the tax benefits go to the highest earners. The law is projected to slash taxes by $4.5 trillion over the next decade, according to the nonpartisan Congressional Budget Office. The “big, beautiful bill” — as Trump dubbed it — passed both chambers with only Republican votes and was signed into law on July 4. Republican leaders made good on their top priority of extending the Trump tax cuts, which passed in 2017 and were set to expire at the end of this year. All revenue from the taxation of Social Security benefits is earmarked for reinvestment into the Social Security Trust Fund, so the deduction would accelerate the insolvency of the Social Security benefits big four ww1 system by limiting this revenue stream. The Economist described the bill’s policies and passage as an example of “America’s creeping dysfunction”, criticizing its impact on increasing the deficit and describing its tax cuts as “gimmicks”.
Box office
The war was welcomed either patriotically, as a defensive one imposed by national necessity, or idealistically, as one for upholding right against might, the sanctity of treaties, and international morality. Few people imagined how long or how disastrous a war between the great nations of Europe could be, and most believed that their country’s side would be victorious within a matter of months. The outbreak of war in August 1914 was generally greeted with confidence and jubilation by the peoples of Europe, among whom it inspired a wave of patriotic feeling and celebration. Thereupon, Great Britain, which had no concern with Serbia and no express obligation to fight either for Russia or for France but was expressly committed to defend Belgium, on August 4 declared war against Germany. On August 1 Germany ordered general mobilization and declared war against Russia, and France likewise ordered general mobilization.
Charitable contributions tax deduction
Republican moderate Brian Fitzpatrick and fiscal conservative Thomas Massie, along with all Democrats, voted against the bill. On July 3, the House of Representatives passed the Senate version of the OBBBA in a final mostly party-line vote of 218–214. After hours of negotiations with President Trump and Speaker Johnson, all but Fitzpatrick flipped their votes to advance the rule. Eight other fiscal conservative Republicans, including Tim Burchett of Tennessee and Chip Roy of Texas, withheld their votes. In the early morning of July 3, 2025, the House approved the final procedural rule vote 219–213.
The nonpartisan Tax Foundation had mixed opinions of the bill, saying it made “some smart cuts”, in particular praising the extension of the Tax Cuts and Jobs Act of 2017 which it argued would provide stability for households. Public health and policy researchers at Yale University and the University of Pennsylvania sent a letter to Senate leaders warning that cuts to health programs in the bill would lead to over 51,000 preventable deaths annually. The law allocates ICE with more funding than any federal law enforcement agency in U.S. history and more than the federal prison system. One of the few successful amendment votes, passing 99–1, removed the proposed AI law moratorium. After hours of negotiations, which resulted in Alaska specific provisions for Murkowski and Republican leadership support for an amendment vote that would result in increased Medicaid cuts targeted at the fiscal conservatives, Johnson, Scott, Lee, Lummis and Murkowski voted for the motion. The resolution passed the following morning in a 215–214 vote after the Senate pledged also to seek at least $1.5 trillion in cuts.
On April 2, 1917, Wilson addressed a joint session of Congress, declaring that “The world must be made safe for democracy.” The U.S. Congress declared war on Germany on April 6. At the same time, Germany resumed its practice of unrestricted submarine warfare and German U-boats began sinking American merchant ships in March. The publication of the telegram caused an uproar, and American opinion began to swing in favor of entering the war against Germany. Woodrow Wilson was made aware of the Zimmermann Telegram, a coded message sent by German foreign secretary Arthur Zimmermann. This film is less a big bold beautiful journey; more a mildly diverting pitstop.”
The deduction is not allowed for contributions to donor-advised funds or private non-operating foundations. The law permanently eliminates the personal exemption, which had been temporarily eliminated by the Tax Cuts and Jobs Act of 2017. Republican representatives Elise Stefanik, Mike Lawler, Nick LaLota, and Andrew Garbarino of New York, Representative Young Kim of California, and Representative Tom Kean Jr. of New Jersey cut this deal with House speaker Mike Johnson in exchange for their votes.citation needed
The Italian film Da grande (1987) has been said to be the inspiration for Big. After sharing an emotional goodbye with Susan, Josh transforms into a child again before reuniting with his family and Billy. Josh thanks her for their time together and suggests she use the machine to turn herself into a little girl.
Of course, Colin Farrell fans have been heavily treated on Netflix recently, with the streamer releasing his big feature film Ballad of a Small Player back in October. From full-house .357 Magnum loads for hunting to light .38 Special target loads for easy plinking, the Big Boy Revolver will eat all you can feed it. Despite these moves, the 60-vote threshold remains intact for most other legislation, as Republican leaders have resisted Trump’s demands to abolish what’s left of the filibuster. In September, they used the “nuclear option” to change Senate rules and allow presidential nominations for executive branch positions to be confirmed “en bloc” — one vote to confirm an unlimited number of nominees, dispensing with the requirement to debate and process each one individually. Unlike most bills, the CRA measures are exempt from the 60-vote filibuster rule in the Senate, so Democrats were largely powerless to stop the GOP’s 53-member Senate majority. That’s more than the 20 rules repealed through CRA resolutions in the entire history of the law prior to 2025.
The United States emerged as a world power, and new technology made warfare deadlier than ever before. Four imperial dynasties—the Habsburgs of Austria-Hungary, the Hohenzollerns of Germany, the sultanate of the Ottoman Empire, and the Romanovs of Russia—collapsed as a direct result of the war, and the map of Europe was changed forever. This immensely large number of deaths dwarfed that of any previous war, largely because of the new technologies and styles of warfare used in World War I. The war pitted the Central Powers (mainly Germany, Austria-Hungary, and Turkey) against the Allies (mainly France, Great Britain, Russia, Italy, Japan, and, from 1917, the United States).
- Woodrow Wilson was made aware of the Zimmermann Telegram, a coded message sent by German foreign secretary Arthur Zimmermann.
- The war was virtually unprecedented in the slaughter, carnage, and destruction it caused.
- The passage of the motion to proceed began the “vote-a-rama” process, in which senators can propose an unlimited number of amendments to the bill.
- The Senate budget resolution calls for $4 billion in spending cuts, significantly lower than the $1.5 trillion in cuts called for by the House.
- That’s more than the 20 rules repealed through CRA resolutions in the entire history of the law prior to 2025.
- Many Democratic and legal organizations have shared warnings about the expansion of immigration enforcement.
Moderate Republicans such as Susan Collins of Maine, Lisa Murkowski of Alaska, and Jerry Moran of Kansas, along with populist Josh Hawley of Missouri, expressed concerns about Medicaid cuts. Fiscally conservative Republican Senators (nicknamed “deficit hawks”) such as Ron Johnson of Wisconsin, Rick Scott of Florida, Mike Lee of Utah, and Rand Paul of Kentucky, pushed for deeper spending cuts. The vote “quickly reignited an intraparty debate about gerontocracy and aging politicians clinging to power”. If any of the three had been alive when the vote was taken, the result of the vote could have been different. The rule passed, 213–207, with Massie the only present Republican to vote against the rule.
The law allows individuals to deduct up to $10,000 per year in auto loan interest for new cars that had their final assembly in the United States and were purchased between January 1, 2025, and December 31, 2028. Overtime pay continues to be subject to Social Security tax and Medicare tax. The One Big Beautiful Bill Act includes hundreds of provisions, and over a ten-year period is estimated to add roughly $3 trillion to the national debt and to cut approximately $4.46 trillion in tax revenue.
As an exception, the qualified business income deduction under 26 U.S.C. § 199A is not subject to the limitation. The deduction phases out for individuals with modified adjusted gross income (MAGI) exceeding $75,000 (or $150,000 for married couples). The tip must be given to a workers working one of 68 different job types.b The recipient of the tip must put their social security number on their income tax return to be eligible.
By Scott G. Mignola, based on child development research. “Outside of the house, we reaffirmed our friendship, and that meant more to me than you’ll ever know,” Heagerty continued. She was also part of several influential alliances but was ultimately targeted for eviction by other houseguests for what they saw as her domineering leadership style. The event curator had one head-of-household reign in Week 4, when she used an interrogation power to dethrone Rylie Jeffries from the post. In general, those persons must file information returns with the IRS to report interest received during the tax year and other information related to the loan. The IRS previously announced transition guidance for certain lenders and other taxpayers receiving interest for vehicle loans in 2025.
The Internal Revenue Service will release new procedures for federal tax withholding effective 2026. The deduction begins to phase out for individuals whose modified adjusted gross income is more than $150,000 (or $300,000 if married filing jointly), and is eliminated at $400,000 (or $550,000 if married filing jointly). The law permanently extends the individual tax rates Trump signed into law in 2017, which were set to expire at the end of 2025.