Part 3/10:
The comprehensive 1,000-page package extends key aspects of Trump's 2017 tax law, amounting to $4.5 trillion in tax cuts. It introduces new tax breaks, including no federal tax on tips, overtime earnings, or car loan interest. Additionally, it raises the standard deduction to $32,000 for single filers and increases the child tax credit to $2,500. Trump-branded children's savings accounts—initially called MAGA accounts—are also established.