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[USAFacts]([link removed])

When does the Big Beautiful Bill go into effect?=C2=A0

The One Big Beautiful Bill, signed into law on July 4, included policy shif=
ts on taxation, government assistance, student loans, and immigration. Some=
of these shifts will take effect immediately. Others will roll out over th=
e next several years. USAFacts created [this timeline]([link removed]
/visualizations/obbb-timeline/) to help you understand all the changes. =C2=
=A0

- Service workers will receive tax deductions on tips up to $10,000. The pr=
ovision is set to halt at the end of 2028.=C2=A0

[Timeline for the tax policies in the One Big Beautiful Bill Act]([link removed]
safacts.org/visualizations/obbb-timeline/)

- The SALT deduction, which allows people to reduce their federally taxable=
income by the amount they pay in state and local taxes, will rise from $10=
,000 to $40,000 this year. The deduction will increase annually before retu=
rning to $10,000 in 2030.

- The Supplemental Nutrition Assistance Program (SNAP, sometimes called =E2=
=80=9Cfood stamps=E2=80=9D) will have tighter work and nationality requirem=
ents. These have no set start date but could begin this year. Starting in 2=
028, states will be required to cover up to 15% of SNAP costs. (The program=
had previously been fully funded by the federal government.)

- Beginning in fiscal year 2026 (which begins this coming October 1), feder=
al matching funds for states that expanded Medicaid under the Affordable Ca=
re Act will gradually decrease. By the end of 2026, states must also requir=
e beneficiaries to work or engage in community service for a total of 80 ho=
urs a month.

- The [OBBB]([link removed]
ill/) increases Immigration and Customs Enforcement (ICE) funding immediate=
ly, providing an additional $45 billion through 2029. The same is true for =
Customs and Border Protection, which will receive an additional $64 billion=
through 2029. New fees for asylum seekers and work permits began July 4.=
=C2=A0
Hover over each of 30 different provisions for more detail on the [timeline=
]([link removed]).=C2=A0

[Want to see more?]([link removed])

What=E2=80=99s the current inflation rate?

Feeling like your grocery bill is climbing faster than the inflation rate? =
You might be on to something. Prices are rising on some commodities across =
the US, but they=E2=80=99re falling for others. What does inflation really =
mean, and=C2=A0[how do rates differ]([link removed]
he-current-inflation-rate/country/united-states/) depending on where you li=
ve?=C2=A0

[Yea-over-year percent change in CPI-U]([link removed]
s-the-current-inflation-rate/country/united-states/)

- =C2=A0As of June, the headline inflation rate was 2.7%. Headline inflatio=
n is tracks prices on all consumer items =E2=80=94 such as food, housing, a=
nd transportation =E2=80=94 to reflect the cost of living. Core inflation (=
which is headline inflation minus volatile food and energy prices) was 2.9%=
.=E2=80=AF

- When inflation rates are positive, the price of goods is increasing. Pric=
es only fall during deflation. The highest inflation rate was in June 1920,=
reaching 23.7%. Most recently, prices deflated in April 2015, down 0.2%.=
=C2=A0

- Inflation rates can differ by location because every area has its own mix=
of supply and demand. The highest inflation rate among tracked urban areas=
in June was 3.5% in Chicago and New York, followed by Philadelphia (3.3%) =
and Los Angeles (3.2%). Visit USAFacts for the current inflation rate [in y=
our part of the US]([link removed]
ion-rate/country/united-states/).=C2=A0

[Want to see more?]([link removed]
ion-rate/country/united-states/)

Data behind the news

The Senate recently passed a rescission package to cancel nearly $9 billion=
in already-approved funding. What=E2=80=99s in the Rescissions Act of 2025=
? [We have the numbers.]([link removed]
ions-act-of-2025/)=C2=A0
=C2=A0
The pilot of a regional airliner recently made an unexpected sharp turn to =
avoid a possible midair collision with a military B-52 bomber in North Dako=
ta. No one was injured. However, there have been deadly crashes involving m=
ilitary vehicles this year. So=C2=A0[is flying safer than driving]([link removed]
usafacts.org/articles/is-flying-safer-than-driving/)? =C2=A0
=C2=A0
Did you read last week=E2=80=99s newsletter? It=E2=80=99ll come in handy fo=
r the [weekly fact quiz]([link removed]).=C2=A0

One last fact

[Which states have the longest - and shortest - life expectance?]([link removed]
safacts.org/articles/which-states-have-highest-and-lowest-life-expectancy/)

In 2021, Hawaii residents had the [longest life expectancy]([link removed]
s.org/articles/which-states-have-highest-and-lowest-life-expectancy/) in th=
e nation: 79.9 years. Massachusetts residents followed closely at 79.6 year=
s. =C2=A0
=C2=A0
Mississippi had the shortest life expectancy, 70.9 years, one year less tha=
n in 2020. West Virginia and Alabama followed with life expectancies of 71 =
and 72 years, respectively.=C2=A0

=E2=80=8A

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