Shown Here: Passed House (05/22/2025) This bill reduces taxes, reduces or increases spending for various federal programs, increases the statutory debt limit, and otherwise addresses agencies and programs throughout the federal government.

It delivers NO TAX ON TIPS and NO TAX ON OVERTIME. This makes good on two of President Trump's cornerstone campaign promises and will benefit hardworking Americans where they need it the most — their paychecks. It provides historic tax cuts for seniors.

Major elements of the changes include reducing tax rates for corporations and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes, further ...