It Is Done
President Trump signed the BBB bill on Friday. The BBB trims spending for the first time in memory and cuts income taxes on tips and overtime and sort of exempts Social Security with a $6,000 tax deduction for those of us 65 and older.
The bill also makes the 2017 tax cut permanent. Everyone benefitted from that tax cut from those who paid little to those who paid a lot. No Democrat supported the BBB. The Democrats wanted the tax cuts to expire. That would have resulted in the largest tax increase in American history. Let’s remember that in 2026 when the Democrats are looking to win back the House and Senate.
