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Republicans in the U.S. House of Representatives narrowly ed President Donald Trump's massive tax package Thursday, advancing what he's dubbed the "One Big Beautiful Bill Act."
The legislation ed with a razor-thin margin of 215-214, and without a single Democrat vote, underscoring the partisan divide over the bill's potential impact.
Who stands to benefit the most from Trump's "big, beautiful" bill?
Trump hailed the bill as historic and called on the Senate to act quickly, while Speaker Mike Johnson emphasized the House GOP's ability to unite and deliver.
At over 1,100 pages, the bill proposes sweeping changes to tax policy and federal spending.
While its ers claim it will bring relief to American households, analyses from nonpartisan experts suggest its benefits will be far from evenly distributed.
The Congressional Budget Office warned that the lowest-income households would see reduced , while the highest earners would enjoy substantial gains.
High-income earners are the biggest winners.
A majority of the bill's tax cuts, more than two-thirds, are expected to go to those earning at least $217,000 annually.
The wealthiest Americans, making over $1.1 million, would receive nearly 25% of all cuts, according to the Tax Policy Center.
By 2026, the average tax cut would total around $2,800, with more savings concentrated at the top.
Families with children also see some advantages.
The child tax credit would temporarily rise by $500 to $2,500 through 2028, before reverting to $2,000.
However, a new requirement that both parents have Social Security numbers could exclude about 4.5 million children.
The bill also includes a new initiative: a $1,000 "MAGA" savings contribution for each child under eight, meant for future investments.
Car buyers would gain from a new deduction allowing up to $10,000 in interest on loans for American-made vehicles.
Workers earning overtime would benefit from a provision exempting that income from federal taxes, potentially reducing federal revenue by up to $866 billion over the next decade.
Finally, tipped workers could temporarily enjoy tax-free tips through 2028, though enforcement and reporting remain longstanding issues.
Despite House Republicans' celebrations, the bill faces uncertainty in the Senate, where even GOP senators are demanding changes.
Meanwhile, Wall Street remains skeptical, citing fears over ballooning deficits.
And with social safety net cuts used to fund the package, opponents argue the bill tilts heavily toward the wealthy, leaving the most vulnerable behind.