The One Big Beautiful Bill is a massive proposed tax and spending package loaded with initiatives that align with Trump’s agenda. As it’s currently written, the bill includes major changes to Medicaid, food stamps, border security, taxes and more that have the potential to affect millions of Americans.

The U.S. House of Representatives' new fiscal package, backed by Donald Trump, introduces tax cuts and targeted measures for retirees. While it omits the promised Social Security tax elimination, it offers a new standard deduction for seniors,

Highlights of the bill include a bigger SALT deduction, cuts to Medicaid, and tax breaks on tipped wages. Here’s how it may impact you.