OAN’s&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 1:34 PM – Friday, May 22, 2025 The House just passed what Trump is calling his “Big Beautiful Bill,” promising the largest tax cut in American history for working families. It extends the 2017 Trump tax cuts—set to expire—and without it, everyday Americans would see their taxes go up. Meanwhile, the job market is holding strong, with new unemployment claims dropping again. So, what does this all mean for your wallet and the broader economy? Dale Smothers, President and CEO of RDS Wealth Management joins Alicia Summers to discuss. <figure class="wp-block-video"><video autoplay="" controls="" muted="" poster="https://www.oann.com/wp-content/uploads/2022/04/vid-poster-image.jpg" src="https://d1cc0p6j4uj4n9.cloudfront.net/2a272b1a-9af4-44dc-b46d-8a509d656b75/mp4/24e3cbc5-d9d4-4589-92e7-6b3a88505317_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4" width="100%" height="auto"></video></figure>

The House just passed what Trump is calling his “Big Beautiful Bill,” promising the largest tax cut in American history for working families.{ai:summary}The House has approved Trump's "Big Beautiful Bill," which aims to provide the largest tax cut in U.S. history for working families by extending the 2017 tax cuts. Without this legislation, taxes for many Americans would increase. Additionally, the job market remains robust, with a decrease in new unemployment claims. #economy

House passes Trump's 'Big Beautiful Bill'—historic tax cuts on the line

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