Now that President Donald Trump signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in overtime pay from their taxable income on their federal tax returns.

Whether the American public comes to see the “Big Beautiful Bill” as “beautiful” remains to be seen. A June 26 Quinnipiac poll found 29% of voters support the bill, 55% opposed it, and 16% did not have an opinion. What’s clear is that Democrats will hold the bill against Trump during the 2026 midterm election campaign season.

President Donald Trump will meet with his Cabinet at the White House at 11 a.m. Tuesday for the first time after signing the One Big Beautiful Bill Act late last week. Trump signed the sweeping legislation on Friday's Fourth of July holiday,