tax policy center, One Big Beautiful Bill
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President Donald Trump signs his signature bill of tax breaks and spending cuts at a July 4 ceremony at the White House. Credit: AP/Evan Vucci ALBANY — Taxes should go down for the average Long Islander under the new federal megabill,
Republicans’ recently-passed One Big Beautiful Bill Act will add trillions to the federal deficit and debt over the next decade, according to the Congressional Budget Office’s