https://www.taxtmi.com/news?id=49288 The omnibus statute makes prior tax rates and brackets permanent with new targeted deductions and child credit adjustments, increases funding and authority for immigration enforcement, and tightens eligibility through work requirements and benefit restrictions for Medicaid and SNAP while narrowing some ACA-based tax credits. Estimates cited link these changes to substantial increases in uninsured individuals and reductions in food-assistance eligibility over the coming decade; some provisions phase in after the next federal election. Supporters present the measures as tax relief and programme preservation, opponents stress coverage losses and impacts on healthcare and long-term care financing. en-us Sun, 13 Jul 2025 19:16:03 +0530 Sun, 13 Jul 2025 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49288 The omnibus statute makes prior tax rates and brackets permanent with new targeted deductions and child credit adjustments, increases funding and authority for immigration enforcement, and tightens eligibility through work requirements and benefit restrictions for Medicaid and SNAP while narrowing some ACA-based tax credits. Estimates cited link these changes to substantial increases in uninsured individuals and reductions in food-assistance eligibility over the coming decade; some provisions phase in after the next federal election. Supporters present the measures as tax relief and programme preservation, opponents stress coverage losses and impacts on healthcare and long-term care financing. News - Sun, 13 Jul 2025 19:16:03 +0530 https://www.taxtmi.com/news?id=49288