Here’s how the budget megabill passed by the US Senate will affect you

Seniors, students, taxpayers, children, parents, low-income Americans and just about everyone else will be affected by the massive tax and spending bill being hashed out in real time on Capitol Hill.

Republicans call it President Donald Trump’s “One Big Beautiful Bill Act,” but there have been several versions. The latest passed the Senate on Tuesday with Vice President JD Vance’s tie-breaking vote.

Senate Republicans’ version of the bill differs in key ways from what the House passed in May. Both chambers will ultimately have to pass the same version to send the package to Trump’s desk by his desired July Fourth deadline…(Read full story)