Donald Trump’s "One Big Beautiful Bill Act" will slash the household resources of the poorest Americans by about $1,600 while boosting the wealthiest households by roughly $12,000, the Congressional Budget Office said in a distributional analysis released Thursday.

The GOP's contentious budget bill was approved by the House by the narrowest possible margin last month, and was recently lambasted by former Trump advisor Elon Musk.

But there is one financially sound reason Trump chose to break this popular promise and leave "no tax on Social Security" out of the One, Big, Beautiful Bill: It would have substantially worsened the program's long-term outlook.

Lawmakers in Washington, D.C., are one step closer to making President Donald Trump's 'One Big Beautiful Bill' federal law. Rural communities in Oklahoma could feel the biggest punch if the legislation is passed.

President Trump's "One Big Beautiful Bill" aims to end taxpayer-funded healthcare for undocumented immigrants, sparking controversy amid immigration tensions in Los Angeles. The bill proposes increased ICE agents,

The GOP senator who accused Donald Trump of being “very petty” after learning he was not invited to the White House picnic is “of course” welcome at the event, the president said Thursday. Sen. Rand Paul, R-Ky., is holding out on Trump’s “One Big Beautiful Bill” over concerns the legislation increases the country’s debt.

President Donald Trump’s “big, beautiful bill” includes more than tax breaks and spending cuts — it also seeks to pour billions of dollars into his mass deportation agenda

The legislation is now in the hands of the Senate. If senators are interested in genuine and productive tax reform, they will scrap the new provisions and do 10-year extensions of pro-growth policies that are currently temporary in the legislation as passed by the House (such as 100% bonus depreciation and research-and-development expensing) — and they'd still be left with room to lower the cost.