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Trump’s proposed “One Big Beautiful Bill” is a sweeping tax reform package aimed at individuals and families. It would make the 2017 tax cuts permanent, eliminate federal taxes on tips and overtime, boost the standard deduction, and expand the Child Tax Credit. Other provisions include a car loan interest deduction for U.S.-made vehicles, tax relief for seniors, and newborn savings accounts. Here’s what you need to know about how it could impact your wallet.