Congressional Republicans just passed President Trump’s sprawling domestic policy bill that extends and expands tax cuts, while slashing Medicaid, food benefits and clean energy initiatives to pay for them — but only partly. The bill favors the wealthy, and low-income Americans stand to lose the most.
What could the bill mean for your pocketbook? Answer these questions to learn more about the individual impacts of the wide-ranging legislation. (Your answers are not tracked by The Times.)
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General tax policyFamiliesHealth careEducationClean energyImmigration
0 of 33 questions answered
At the heart of the bill is a roughly $4 trillion tax cut that extends the cuts Republicans passed in 2017. Without this extension, most Americans would see a tax increase.
These tax cuts come at a cost. According to the Congressional Budget Office, the bill adds $3.3 trillion to the national debt over the next decade.
Do you pay federal income taxes?
Yes No
Do you take the standard tax deduction?
Yes No
Are you 65 or older?
Yes No
Do you own a home in a high-tax state like California or New York?
Yes No
Are you a tipped worker?
Yes No
Do you receive overtime pay?
Yes No
Do you plan to buy a car?
Yes No
Do you pay interest on a mortgage?
Yes No
Have you experienced a big loss because of a storm, fire or other disasters?
Yes No
Do you donate to charity?
Yes No
Do you earn more than $500,000 a year?
Yes No
Do you own a business?
Yes No
Do you own or are you considering buying firearms?
Yes No
Are you a whaling captain or a fisher living in Alaska?
Yes No
Despite reducing or eliminating certain safety net programs, the Trump administration has been exploring several options to encourage Americans to have more children, including tax cuts and other investments.
Do you have children?
Yes No
Are you planning to have a baby soon?
Yes No
Do you intend to adopt a child?
Yes No
Will you inherit wealth or business worth $15 million or more soon?
Yes No
To offset some of the tax cuts, the bill makes steep cuts to health care and food assistance benefits for low-income Americans.
Are you on Medicaid?
Yes No
Do you use food stamps?
Yes No
Do you have health insurance under Obamacare?
Yes No
Do you have a health savings account, or want one?
Yes No
The bill adds limits to student loan borrowing and makes changes to financial aid eligibility and uses.
Have you already taken or will soon take out federal loans for college?
Yes No
Do you plan to borrow money for your child’s college education?
Yes No
Do you hope to borrow money for graduate school?
Yes No
Do you have a 529 savings account?
Yes No
Are you filling out the FAFSA?
Yes No
Do you plan to apply for a Pell Grant?
Yes No
Do you or your children attend a university with a large endowment?
Yes No
The bill rolls back tax credits for clean energy, a policy Mr. Trump campaigned on.
Are you planning to make energy-efficient home improvements?
Yes No
Do you want to buy an electric or a plug-in hybrid vehicle?
Yes No
The bill has prioritized additional funding for immigration enforcement, and specifically includes collecting more fees from certain noncitizens.
Are you a noncitizen without a green card?
Yes No
Are you an immigrant who sends money abroad to friends or family?
Yes No
Your results
1.
Preserve existing tax brackets
2.
Extend and increase standard tax deduction
3.
Increase tax deductions for seniors
4.
Increase cap on state and local tax deductions
5.
Add tax deduction for income from tips
6.
Add tax deduction for overtime income
7.
Add tax deduction on auto loan interest
8.
Preserve limit on mortgage interest deduction
9.
Preserve restrictions on loss deduction
10.
Add tax deduction for donating to charity
11.
Extend alternative minimum tax exemption
12.
Increase tax deductions for pass-through businesses
13.
Eliminate a tax on silencers and certain firearms
14.
Add tax breaks for Alaskan whalers and fishers
15.
Increase child tax credit, with tightened rules
16.
Deposit $1,000 into a “Trump account” for newborns
17.
Make adoption tax credit refundable
18.
Extend and increase estate tax exemption
19.
Add work requirements for Medicaid
20.
Add work requirements for food stamps
21.
Tighten Obamacare rules
22.
Expand HSA access to more people
23.
Eliminate tax credits for low-emissions electricity sources
24.
Eliminate tax credits for clean energy vehicles
25.
Restructure student loan repayment programs
26.
Limit Parent PLUS loan amounts
27.
Limit graduate school loan amounts
28.
Expand eligible 529 expenses
29.
Remove some assets from financial aid calculations
30.
Change eligiblity rules for Pell Grants
31.
Increase taxes on university endowments
32.
Add and increase immigration fees
33.
Add a tax on money sent abroad