President Donald Trump has signed into law the One, Big Beautiful Act (OBBA), and for taxpayers in high-tax states like California and New York, it may offer long-awaited relief — at least for a few years.

The House's approval of President Trump's tax cuts and spending package marks a pivotal shift in U.S. fiscal policy. While promising substantial tax relief and increased national security funding, the legislation's financing through significant federal safety net reductions raises concerns about its impact on the most vulnerable Americans.