With the GOP’s “big, beautiful bill” headed to President Trump’s desk for signature Friday, wealthy Americans are poised to receive significant tax breaks partly offset by steep cuts to social welfare programs. The bill makes 2017 tax breaks from Trump’s first term permanent, while adding some new tax breaks, like no taxes on tips up…

Congress has signed off on a $3.4 trillion legislative package featuring new tax breaks, spending cuts, and more funding for defense and immigration enforcement, delivering President Donald Trump his “big, beautiful bill” despite rumblings from fiscal hawks about the projected $4 trillion it could add to the national debt over the next decade.

A fter an all-day, all-night marathon of intense pressure from the White House, the House Thursday passed and sent to President Donald Trump sweeping legislation to cut taxes but also cut help for the millions of Californians who rely on Medicaid and food assistance.