Trump touts 'big beautiful bill' tax breaks at Davos. Here's how they work

President Trump has been touting these new provisions from his big beautiful bill. He did so at the speech at the World Economic Forum in Davos this week. >> In July, we passed the largest tax cuts in American history, including no tax on tips, no tax on overtime, no tax on social security for our great seniors.>> No tax. Not exactly. Their details are a bit more complicated.The three tax breaks the president referenced are for limited amounts and phase out completely for higher inome Americans. Here are th ...