Republicans' tax policy bill will have massive consequences. Both parties are hoping it will boost them in the 2026 election.

One health policy professor said cutting Medicaid and similar programs "will be devastating" to millions of Americans.

President Trump celebrated his just-passed “One Big Beautiful Bill Act” Thursday night as “a declaration of independence from a national decline.” Trump, 79, told a large rally at the Iowa State Fairgrounds that the bill makes good on his major campaign promises to slash taxes on tips,