How will Trump’s policy bill affect your wallet?

July 3, 2025

President Trump’s sprawling policy bill extends tax cuts while slashing Medicaid, food benefits and clean energy initiatives to pay for them.

The New York Times

Here’s how this will affect your wallet. →

MORE COVERAGE

Here’s a list of nearly everything in the bill, and how much it would cost or save. →

Chuck Schumer stands behind a lectern and points to a handful of posters printed with quotations from Republicans criticizing the domestic policy bill.

In President Trump’s bill, Democrats see a path to win back voters. →

Tax cuts now, benefit cuts later: See when items within the bill go into effect. →

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