As Republicans tout Trump's 'big beautiful bill,' here's who the tax breaks benefited most

U.S. President Donald Trump displays his signature on a sweeping spending and tax legislation known as the "One Big Beautiful Bill Act," at the White House, in Washington, July 4, 2025.Leah Millis | ReutersAs the midterm elections approach, Republicans are touting President Donald Trump's "big beautiful bill" to voters as they fight to keep slim majorities in Congress.But certain Americans have benefitted more from Trump's tax breaks than others, policy experts say. Trump's legislation, also known as the "Working Families Tax Cuts," made permanent his 2017 tax changes while adding new tax breaks, including deductions for tip income, overtime earnings, seniors and auto loan interest, among others. The bill also added a bigger federal deduction limit for state and local taxes, or SALT, for filers who itemize.In prepared remarks before the House Committee on Financial Services this week, Treasury Secretary Scott Bessent told lawmakers the legislation delivered tax relief "directly to millions of low- and middle-income Americans."Read more CNBC personal finance coverageMore than 64 million tax returns claimed at least one of Trump's "signature new tax cuts" — the deductions for tips, o...