What Trump’s New Tax Law Means For You | The Bottom Line

President Trump signed a new federal budget into law on July 4th, making changes to how education will be funded, university endowment tax rules, state and local tax deduction limits, charitable giving taxation rules and more. Some argue the new spending measure will add $3 trillion to the federal budget over the next 9 years. CNBC explores the details in this latest episode of The Bottom Line.

Chapters:
0:00 Introduction
00:18 Education
03:47 University endowments
08:17 SALT deductions
13:57 Charitable giving
19:20 National debt

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What Trump’s New Tax Law Means For You | The Bottom Line

Post from CNBC on July 15, 2025

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