AI-assisted summary
The "One Big Beautiful Bill Act" narrowly passed the House and is now under Senate review.
The bill proposes eliminating taxes on overtime pay and tips, but analysis suggests it primarily benefits high-income earners.
President Donald Trump "One Big Beautiful Bill Act" was narrowly passed by the U.S. House on May 22. Here's what it means for Americans.
Though the bill was known to many for its aim to end federal taxes on tips and overtime, its 1,116 pages have clearly defined limits as to who will benefit most from its contents. According to analysis from several sources, the group that will see the most benefits will be the country's top earners.
After intense Republican negotiations, the U.S. House passed the bill by a vote of 215-214. It is now headed for the Se