Here's your potential tax cut in 2026 from the One Big Beautiful Bill Act
The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.
Taxes
Senate advances Trump spending cuts
Vice President JD Vance travelled to Pennsylvania on Wednesday to rally supporters following the passage of the president's massive spending and tax bill. Before the campaign stops, Vance delivered a decisive vote in the Senate on Tuesday, advancing President Trump's spending cuts on foreign aid and public broadcasters. CBS News congressional correspondent Nikole Killion reports.
How the "big, beautiful bill" helps car buyers save money on taxes
The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.
Global markets react to Trump's latest tariff threats against EU, Mexico
Most European markets took a hit as trading resumed in the wake of President Trump's latest tariff threats, and as the EU keeps hoping for a deal.
Brazil warns of retaliatory levies against U.S. if Trump imposes 50% tariff
Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.
The little-known items in the "big, beautiful bill"
President Trump's massive domestic policy law has several lesser-known provisions tucked into it. CBS News congressional correspondent Caitlin Huey-Burns joins "The Takeout" to walk through some of them.
Does the "big, beautiful bill" eliminate taxes on Social Security?
President Trump pushed to eliminate taxes on Social Security. Does his "one big, beautiful bill" deliver?
U.S. tariffs on European goods threaten consumers on both sides of Atlantic
EU said it was prepared to retaliate with tariffs on hundreds of American products, from U.S. beef, auto parts and beer to Boeing airplanes.
How Trump's new spending law will impact taxes
Does President Trump's new economic law really wipe away taxes on Social Security and tips? CBS News MoneyWatch correspondent Kelly O'Grady dives into the fine print.
Some Trump cuts will not hit until 2027
President Trump's newly signed budget legislation contains provisions on Medicaid and the Supplemental Nutrition Assistance Program (SNAP), but certain cuts are not supposed to take effect until January 2027. CBS News' Nikole Killion has the latest from Capitol Hill.
What to know as Trump signs budget bill
After weeks of Democratic resistance and Republican infighting, President Trump's sweeping legislation he calls the "big, beautiful bill" is now law. He signed his domestic policy plan during an Independence Day ceremony at the White House. CBS News' Aaron Navarro and Nikole Killion have the details.
Trump signs "big, beautiful bill" into law
President Trump signed his massive spending and tax bill into law on Friday at an Independence Day ceremony at the White House. Jericka Duncan anchors this CBS News Special Report.
What's in the final Trump budget bill?
President Trump's so-called "big, beautiful bill" will now head to his desk after both chambers of Congress passed the measure. The bill touches on Medicaid, defense spending, tax cuts and much more. CBS News executive director of White House and politics Fin Gómez has more.
Why the June jobs report beat expectations
New jobs numbers on Thursday revealed a stronger than expected month of June, but a deep dive inside the numbers reveals some not so pleasant surprises. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Dusty Johnson on budget bill economic impact
Republicans and Democrats in the House are painting two very different pictures of the newly-passed Trump budget bill. Republican Rep. Dusty Johnson of South Dakota joins "The Takeout" with his perspective.
NAACP president discusses Trump's second term
The NAACP is breaking a 116-year tradition of inviting the president to its annual convention, declining to invite President Trump this year. NAACP president and CEO Derrick Johnson joins "The Takeout" to discuss Mr. Trump's budget bill and explain the organization's reasoning for not extending an invitation to him.
Ogles votes for budget bill after faulting it
Republican Rep. Andy Ogles of Tennessee once expressed strong opposition to the Senate version of President Trump's budget bill, but voted in favor of it on Thursday. Ogles joins "The Takeout" to explain why he changed his stance.
Iowans react to Trump budget bill
President Trump is scheduled to speak in Des Moines, Iowa, on Thursday evening, where he is expected to tout the passage of his budget bill. CBS News political correspondent Caitlin Huey-Burns spoke to voters there about the legislation.
Trump to host celebratory budget bill signing
House Republicans passed President Trump's economic agenda on Thursday, sending it to the president's desk ahead of his July Fourth deadline. CBS News congressional correspondent Nikole Killion reports.
Possible economic impact of Trump budget bill
House Republicans are struggling to reach a consensus on President Trump's budget bill. The legislation passed the Senate on Tuesday, but some Republican holdouts in the House aren't happy with the changes made in the upper chamber. CBS News congressional correspondent Nikole Killion reports.
Rep. Marlin Stutzman on budget bill changes
President Trump's economic bill has stalled in the House as Republican leaders work to win over holdouts. Republican Rep. Marlin Stutzman of Indiana, who is pushing to delay a vote, joins "The Takeout" to discuss.
House at a standstill over Trump budget bill
The House of Representatives has spent most of Wednesday in a state of suspended animation as Republican leaders try to wrangle enough votes to pass President Trump's economic agenda before his arbitrary deadline of July 4. CBS News congressional correspondent Nikole Killion reports.
Why Trump cancelled trade talks with Canada
President Trump said Friday the U.S. will stop all trade talks with Canada, effective immediately. CBS News chief White House correspondent Nancy Cordes has the details.
Senate tax plan faces deficit concerns
Treasury Secretary Scott Bessent says he expects a Senate vote on President Trump's massive tax cut and spending plan before the July Fourth recess. Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins to discuss his analysis.
Social Security trust funds may deplete by 2034
Social Security could run out of funds to fully pay out benefits to millions of people in less than 10 years. CBS News MoneyWatch associate managing editor Aimee Picchi has the details.
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