Wealth Enhancement reports on Trump’s “One Big, Beautiful Bill,” which makes 2017 tax cuts permanent and includes key changes impacting taxpayers.

The bill permanently extends the major provisions of 2017’s Tax Cuts and Jobs Act, including lower tax rates, larger standard deduction, child tax credit, and full business expensing deductions for equipment and machinery, said Adam Michel, the director of tax policy studies at the Cato Institute.

When Michelle Lawrence heard about Medicaid cuts in the Republican tax and spending bill, it felt like “a punch to the gut.”