Personal finance expert Dave Ramsey and co-host George Kamel analyzed President Trump’s new legislation on “The Ramsey Show,” concluding it’s mostly minor tax changes. Ramsey emphasized individual responsibility, stating the bill won’t radically improve lives. Key provisions include permanent 2017 tax cuts and temporary deductions for tips and overtime.

The bill also ends the $7,500 tax credit for electric vehicles and removes credits for rooftop solar after 2025. New deductions for loan interest on American-made vehicles and charitable contributions are introduced. Medicaid changes require most childless adults to document 80 hours of work per month by 2026.

Child tax credit increases to $2,200, more people can use Health Savings Accounts, and 529 education savings plans are expanded. Small business owners benefit from the return of the research and development tax credit. The bill raises the debt ceiling by $5 trillion, lasting through Trump’s term. Ramsey emphasized the bill’s limited impact but noted some financial perks for individuals.

Read more at Yahoo Finance: ‘There’s No Big Beautiful Thing In Here. It’s A Bunch Of Nickel And Dime Stuff’