Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% under President Donald Trump's "big beautiful bill." The existing $10,000 cap on SALT deductions will rise to $40,

The Senate passed President Trump’s “Big Beautiful Bill” July 1, giving the president his most significant legislative victory in his second term.

Wealthy Texans would benefit heavily from President Trump's "Big, Beautiful Bill," getting new tax breaks of little use to the middle class.