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Trump-Backed Tax Plan Drops: Tips, Overtime, and Family Paychecks to Skyrocket Under GOP Bill

House Republicans just dropped a political bombshell, and it’s wrapped in red, white, and blue: “The One, Big, Beautiful Bill.” Yes, that’s the real name — and for once, the title fits. This 389-page tax reform juggernaut is everything conservatives have been demanding since the ink dried on the 2017 Trump Tax Cuts. It’s bold, unapologetically pro-American, and laser-focused on putting money back where it belongs — in the hands of families, workers, and small businesses.

Spearheaded by Ways and Means Chairman Jason Smith (R-MO) and proudly championed by President Trump, the bill is being hailed as the most significant tax reform package since Reagan. And unlike the Dems’ usual 2,000-page nonsense packed with green energy slush funds and union payoffs, this one actually helps real Americans.

President Trump took to Truth Social and gave it the full MAGA seal of approval, calling it a “GREAT, BIG, BEAUTIFUL BILL” and promising the dawn of a “Golden Age of America.” And judging by the provisions, he’s not wrong.

Here’s the meat of it: the Trump-era individual tax rate cuts that were set to expire in 2025? Gone. This bill makes them permanent. The standard deduction? Boosted again, with an extra kicker between 2025 and 2028. The Child Tax Credit goes up to $2,500 — but only if your kid has a Social Security number. Translation: no cash giveaways for illegal aliens. Sorry, Gavin Newsom.

And it gets better. Tips? No longer taxable. If you’re waiting tables or cutting hair, the IRS can finally stay out of your tip jar. Overtime pay? Also deductible — unless you’re raking in big bucks, in which case you don’t need the help. Seniors get a $4,000 bonus deduction if they’re on a modest income. This is common-sense, America-First policy.

https://twitter.com/bennyjohnson/status/1922009928258011488

For small business owners, the Section 199A pass-through deduction jumps from 20% to 23% and gets made permanent. That’s a direct shot in the arm for entrepreneurs — the real job creators in this country. Estate and gift tax exemptions are tripled, and there are major improvements to ABLE accounts for the disabled.

And, in case anyone forgot what party still believes in fiscal responsibility, this bill holds the line by maintaining limits on wasteful itemized deductions and the ever-abused personal exemptions.

In short, this is what real reform looks like — no climate hysteria, no DEI giveaways, no IRS army. Just tax relief for the people who actually build America.

Now all Republicans have to do is grow a spine and pass it.

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