What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.

One health policy professor said cutting Medicaid and similar programs "will be devastating" to millions of Americans.

President Trump celebrated his just-passed “One Big Beautiful Bill Act” Thursday night as “a declaration of independence from a national decline.” Trump, 79, told a large rally at the Iowa State Fairgrounds that the bill makes good on his major campaign promises to slash taxes on tips,

President Donald Trump’s “Big, Beautiful Bill” has passed a key procedural hurdle after a long night of haggling with Republicans, setting the stage for a floor vote in the House of Representatives later on Thursday.