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This bill reduces taxes, reduces or increases spending for various federal programs, increases the statutory debt limit, and otherwise addresses agencies and programs. The bill includes a temporary boost in the standard deduction — a $1,000 increase for individuals, bringing it to $16,000 for individual filers, and a $2,000 boost for joint filers, bringing it to.

At the center of the legislation — and accounting for its biggest expense — are the provisions extending mr Republican representative nicole malliotakis of new york posted on x, formerly twitter, that the $10,000 cap in the senate bill was not only insulting, but a slap in the face to the republican. Trump's 2017 tax cuts and jobs act

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With the cuts slated to sunset.

House republicans have passed their massive bill to enact the heart of president trump's domestic agenda, overcoming deep divisions inside the party to advance legislation.

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