NBC Nightly News with Tom Llamas cover image

Friday, July 4, 2025

NBC Nightly News with Tom Llamas

00:00

Impact of New Tax Laws and Medicaid Cuts

This chapter explores a new law permitting workers to deduct up to $25,000 in tips from their taxes, illustrating its benefits for individuals like Susanna Castillo. However, it also delves into the backlash from Democrats who argue the law serves as a significant Medicaid cut favoring the wealthy, alongside discussions on potential future revisions to the legislation.

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