By the numbers: The key figures contained in the One Big Beautiful Bill

President Donald Trump signed his signature domestic policy bill into law on July 4 – a measure that makes permanent several provisions in the 2017 Tax Cuts and Jobs Act, while also creating tax deductions for tips and overtime pay and making significant changes to Medicaid spending and the Affordable Care Act.

With Trump’s One Big Beautiful Bill Act now law, City & State took a look at some of the major provisions in the hotly contested law, as well as some of the topline numbers of how the legislation could impact Pennsylvanians. 

• Brackets 1-7 – The individual income tax brackets will remain at rates set under the 2017 Tax Cuts and Jobs Act, thanks to Trump signing the One Big Beautiful Bill Act into law, according to the nonpartisan Tax Foundation. Tax rates for five of the seven brackets set under the TCJA were set to expire this year, and will now be permanent: Bracket 1 is 10%; Bracket 2 is 12%; Bracket 3 is 22%; Bracket 4 is 24%; Bracket 5 is 32%; Bracket 6 is 35% and Bracket 7 is 37%.

• $25,000 – The total amount of qualified tip income that individuals will be able to deduct from their taxes during taxable years 2025 through 2028, according to the Bipartisan Policy Center. 

• $12,500 – The total amount of qualified overtime compensation that itemizers and non-itemizers will be able to deduct in taxable years 2025 through 2028. The deduction increases to $25,000 for joint filers, per the Bipartisan Policy Center.

• $10,000 – The amount of a new “Made in America” auto loan interest deduction for new vehicles assembled in the United States. The loan will be available for tax years 2025 through 2028, according to the Tax Foundation. 

• $6,000 – The amount of a new tax deduction for seniors (ages 65 and older) that will be available for itemizers and non-itemizers under the new law. The deduction will be temporary and be available to seniors from 2025 until 2028, according to AARP. 

• $53 billion – The 10-year decrease in federal Medicaid funding Pennsylvania is expected to experience as a result of the domestic policy bill, according to KFF. 

• 310,000 – The number of Pennsylvanians who could lose health coverage as a result of the One Big Beautiful Bill Act and its changes to Medicaid spending and the Affordable Care Act, according to an estimate from Gov. Josh Shapiro.