Trump’s ‘One Big, Beautiful Bill’ Just Dropped — Tax Breaks or Budget Cuts? Here’s What’s Inside

Video Description

00:00 – Intro 00:47 – What Is This Bill? 01:24 – What’s In This Bill? 01:37 – Standard Deduction Increase 03:36 – Child Tax Credit Bump 04:41 – Tax Bracket Inflation Adjustments 06:58 – Estate and Gift Tax Exemption 08:07 – Business Tax Changes 08:51 – SALT Deduction Cap Proposal 10:33 – Pros and Cons 12:44 – Bloopers Trump’s new “One Big, Beautiful Bill” just dropped—and it could reshape your taxes starting in 2026. This video breaks down what’s inside the sweeping GOP tax proposal, including a potential $32,000 standard deduction, a higher child tax credit, estate tax changes, and more. We’ll cover who stands to benefit, what might get cut, and what this means for your wallet. No politics—just a clear, factual breakdown of the biggest tax debate ahead of the 2026 TCJA expiration. Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here: https://www.youtube.com/c/ErinTalksMoney Thanks for watching, I appreciate you!