Millions of American babies are eligible for "Trump Accounts" under the One Big Beautiful Bill Act that was signed into law by President Trump on July 4.

During a recent episode of “ The Ramsey Show ,” personal finance expert Dave Ramsey and co-host George Kamel broke down President Donald Trump ‘s newly passed legislation, dubbed the “One Big Beautiful Bill Act.” Their verdict? It's mostly minor tax tweaks dressed up in bold branding.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

An analysis by a think tank found that annual household energy costs in the state will increase $110 by 2030 and $410 by 2035.