Now that the tax and spending bill ahs been signed into law, how it will impact the finances of Americans is more clear.

In interviews on Sunday, Trump administration officials did everything they could to downplay the Medicaid cuts in the presdient’s massive tax bill, given the electoral backlash Republicans could face.

The Social Security Administration caused a stir over the weekend after issuing a statement saying that the Republican legislation known as the One Big Beautiful Bill would eliminate taxes on benefits for a majority of beneficiaries,