Adrienne Baker

1 week ago | mondaq.com | Adrienne Baker |William Cejudo |Craig Cohen |Jeff Kang

In a landmark legislative effort and by a razor-thin vote, theHouse of Representatives passed H.R. 1, the One Big Beautiful BillAct (the “Act”) on May 22, 2025. TheAct delivers on several promises that President Trump made duringhis presidential campaign, including exempting taxes on tips andovertime pay, permitting the deduction of interest on certain autoloans and increasing the standard deduction for seniors.