Washington – the large -scale bill on the tax and expense policy of Republicans would make more than an extension of income tax reduction, remove millions of Americans from Medicaid and Food brands and transfer financing to the Trump deportation campaign.
Nearly the 900-page bill, which is expected to vote on July 2, include a rash of less known provisions that would directly affect the life of Americans, from increasing the children’s tax credit to a punishment of new solar facilities.
Some domestic Republicans were not pleased with the changes the Senate made in the bill, but to accept the measure by July 4, as Trump wanted, the chamber absorbed the Senate version without revisions on July 3.
The White House has declared it a mandatory bill, which means it has become a place for pet projects to provide the votes of nerve senators and representatives.
Here are some provisions in the bill that did not receive much attention:
Advantages of Rich
Wealthy Americans benefit from much more than the tax package than those who are lower on the income scale, according to the analysis of the Senate Tax Policy Center. The bill retains the current 37% highest marginal personal income tax rate determined by the Law on Tax and Jobs Reducing, Republicans passed in 2017, which will otherwise expire – and rise up – At the end of the year.
Although all households will see their taxes, reduced, about 60% of benefits will go to those who make $ 217,000 or more (the top 20% of income). In 2026, these people will receive an average tax reduction of $ 12,500, or 3.4% of their income after tax, the analysis found.
In contrast, households with the lowest income, those who earn about $ 35,000 or less will receive an average tax reduction of only $ 150, less than 1% of their income after taxes. On average, medium income households will see their taxes, reduced by about $ 1800, or 2.3% of their income after taxes.
Other provisions in the bill with direct benefits for the largest Americans include a reduction in the property tax imposed on large inheritance and undergoes business income.
Delen credit tax
The legislation will permanently increase tax credit for children up to $ 2200 per child, compared to the current $ 2,000.
Lonely parents who earn up to $ 200,000 and married couples who earn up to $ 400,000 will qualify. The loan will be terminated for those with a higher income.
The US Capital is seen by a security enclosure as Republican legislators are struggling to cross US President Donald Trump, who also diverge the tax bill on the Capitol hill in Washington, Colombia, USA, July 2, 2025.
More cheap pistol silencers
Republicans have added a provision to a bill that will remove a $ 200 tax for nearly a century to buy or prepare silencers, rifles and rifles with short berets and other weapons. They also eliminated the weapons owners to register their silencers.
Moving space shuttle to Houston
The bill will move the discovery of the space shuttle from its present home in the center of Smithsonian in Virginia to the Johnson Space Center in Houston, the goal of the legislation submitted earlier this year by the Texas Sensor Ted Cruz and John Cornin.
The bill devotes $ 85 million to move to the Johnson Space Center, a space vehicle that meets three criteria: it has entered space, it has carried astronauts and has been selected by an organization chosen by the NASA administrator.
Only four space vehicles meet the first two criteria: Enterprise, which belongs to The Intrepid Museum in New York; Endeavor, which belongs to the California Science Center in Los Angeles; Atlantis, which is on display at the Kennedy Space Center; and discovery in Smithsonian. Only Atlantis and Discovery are still owned by the US government.
Smithsonian estimates that it will cost $ 300 million to $ 400 million in taxpayers to move opening across the country.
Last week, at an event at Space Center Houston, Cornyn said that Houston’s role in the space program deserves the discovery and that the space shuttle should “return home”, although it was not manufactured in Houston or started by Houston. The Johnson Space Center serves to control the mission for the space shuttle program.
Mars mission
The bill allocates $ 9.995 billion to the mission of Artemis Moon and the Mars survey.
Tax loans for whale captains
The Senate has increased the deduction, which the captains of whaling boats can claim for whale hunting costs up to $ 50,000 from the current $ 10,000.
At first glance, the addition was to get the vote of the Republican Senator of Alaska Lisa Murkovski.
It was first added to the tax code in 2004, it allows people to deduct the cost of maintaining boats and weapons as a charity contribution. According to the IRS, the recipient must be recognized as captain of a whale by the Alaska Eskimo Whale Commission and should be engaged in the sanctioned support for Bowhead whales.
Trump’s ‘accounts’ for children
The bill will create new savings accounts called “Trump’s accounts”, in which babies born between January 2025 and January 2029 can benefit from a one -time payment of $ 1,000 from the Federal Government placed in the account.
US Representative Chip Roy (R-TX) enters an elevator as Republican legislators are struggling to cross US President Donald Trump, who also diverge on the Tax Bill on the Capitol Hill in Washington, Colombia, USA, July 2, 2025.
Then parents will be able to contribute to $ 5,000 a year. Savings will be invested in a stock fund that will grow with the stock market.
The child may have access to some of the money when he or she is 18 years old for education, training or buying his first house. They can use the full balance of 30 years.
Change Student Loan
The bill sets a new limit on the amount that students can borrow in federal graduation loans and how many parents can borrow to help pay students’ education.
There will be fewer opportunities for delay or patience and new limits to lending to part-time students.
The bill also has a much more limited set of repayment options, terminating the loan programs that have existed for years, as well as a program from the Biden era that adapts the payment requirements to the person’s income. It will be replaced with a new fixed interest rate program, which is not in a disadvantageous position families with lower income.
Green energy programs
The bill will drastically return the tax relief from the Biden era, designed to strengthen projects for clean energy, fueled by renewable sources such as energy and wind.
Chairman of the Chamber, Mike Johnson, spoke to the press as Republican legislators are struggling to accept US President Donald Trump President, who also diverge the tax bill on the Capitol hill in Washington, Colombia, USA, July 2, 2025.
Democrats say this will devastate the growth of the wind and solar industry, lead to a jump in Americans for utilities and threaten hundreds of renewable energy projects planned to strengthen the nation’s electrical network, along with the jobs they would create.
It also ends tax relief on September 30, instead of at the end of 2032, for people who buy new or used electric vehicles.
The GOP bill also increases leasing oil and gas contracts in public land and revives coal leasing in several states.
Charging foreign workers
Migrants often move to other countries in part to send money to home to their family or community abroad. The United States is the largest source of these transfers in the world, known as money transfers.
The Republican bill will apply a 3.5% tax on those transfers, which must be paid by the person sending the money. It will include a release for US citizens.
This story has been updated to add new information.
This article originally appeared in the USA Today: Student Space Solder Loans: Surprises are full of the Senate tax bill