The new Trump-led tax bill promises an American ‘golden age’ – that conveniently ends with his presidency

Tax relief contained within One Big Beautiful Bill Act would expire when president leaves office - what happens then?

Congressional Republicans passed a massive spending bill on Thursday morning that, for some taxpayers, may deliver the golden age" Donald Trump has promised - but only while he is president.

The One Big Beautiful Bill Act, which passed narrowly with 215-214 votes, is centered on permanently extending tax cuts enacted during Trump's first term, while also creating new deductions to make good on his campaign promise of providing relief to the working class and families.