GOP Tax Bill: No tax on tips & overtime, higher tax on elite colleges, 5% tax on immigrant remittances – Key takeaways

House Republicans unveiled the tax plan in Donald Trump’s “One Big, Beautiful Bill,” featuring tax breaks on tips, overtime, and auto loans, a $4,000 senior bonus, higher levies on elite universities, and a 5% tax on remittances. EV and green energy credits would be scrapped.

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