The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to 2028.

Trump’s big bill making its way through Congress will cut taxes by $3.75 trillion but increase deficits by $2.4 trillion over the next decade.

The House-passed version of President Donald Trump’s tax and spending bill would add $2.42 trillion to US budget deficits over the next decade, according to a new estimate from the nonpartisan Congressional Budget Office.

Elon Musk issued a blistering criticism of the Republican spending bill for President Donald Trump’s agenda, posting on X that it represents a "disgusting abomination."

Elon Musk is trashing President Trump over his spending bill for the second day in a row. New York Times Chief White House Correspondent Peter Baker, Punchbowl News co-founder Jake Sherman and former Rep.

Elon Musk's criticisms are reflective over wider tensions within the Republican Party over Trump's 'big, beautiful' bill. Elon Musk hit out at President Donald Trump's signature tax and spending bill again on Wednesday,