U.S. Speaker of the House Mike Johnson (R-La.) listens at House Homeland Security Chairman Mark Green (R-Tenn.) speaks to the media after the House narrowly passed a bill forwarding President Donald Trump's agenda at the U.S. Capitol on May 22 in Washington, D.C. The tax and spending legislation, in what has been called the "One, Big, Beautiful Bill" Act, redirects money to the military and border security and includes cuts to Medicaid, education and other domestic programs. Photo Credit: Kevin Dietsch/Getty Images/TNS
By Kemberley Washington, CPA Bankrate.com The “big, beautiful” tax bill that’s currently winding its way through Congress would, if it becomes law, lead to drastically…
