The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older. The deduction could be up to $6,000 for an individual tax filer and up to $12,000 for a married couple if both spouses qualify.

Buried in Donald Trump’s “big, beautiful bill” was a provision that will give technology group Anduril an almost-guaranteed slice of the roughly $300bn earmarked to modernise the US’s military, defence infrastructure and homeland security.

Some of the changes to the program under the One Beautiful Bill Act include imposing stricter eligibility requirements — the most significant being 80-hour monthly work requirements for many adults on Medicaid.

President Donald Trump's "one big beautiful bill" is bringing changes to the federal student loan system that will affect millions of borrowers.

Donald Trump's approval rating stands at 42 percent in new CNN polling, with 58 percent disapproving. Only 39 percent approve of his spending bill with 61 percent disapproving. Yet the president still has 88 percent approval with Republicans.

A higher cap on the deduction for state and local taxes is one element of Trump’s Big Beautiful Bill that Gov. JB Pritzker and many other Democrats supported.

One organization warns that a dual-earning couple retiring in 2033 could experience a Social Security trust fund cut of $18,100.