Marble Falls      Is there a way to create a laundry list of the landmines for many and gift bags for a few in the new Trump budget and domestic policy bill?  Probably not.  Is it worth a try?  Sure, why not?  Here goes with huge help from Washington Post:

• Middle-income seniors reaped one of the biggest tax breaks in the legislation — a new $6,000 deduction ($12,000 for a couple) for those 65 and older who earn as much as $75,000 per year (or $150,000 for a couple).
• The legislation’s deep cuts to Medicaid could force some nursing homes to shutter or scale back services, making it harder for seniors to find a spot in a facility.
• The tax credit is now $2,200 per child and will increase with inflation each year. The legislation doesn’t include any changes for those whose incomes are too low to qualify for the full child tax credit — which means about 1 in 4 children.
• The legislation creates a tax-deferred $1000 investment account on behalf of children born from 2025 through 2028.
• The bill bumps up the tax credit for filers who adopt a child to $5,000.
• The legislation will raise the standard deduction to $15,750 for an individual and $31,500 for a married couple, and will maintain the lower tax rates set in 2017.
• big cuts to health care programs such as Medicaid and anti-hunger initiatives such as the Supplemental Nutrition Assistance Program (SNAP) through work and paperwork requirements.
• low-income households stand to lose more in benefits than they gain in tax breaks. A single parent who earns $20,000 a year, for instance, might save about $750 in taxes but lose benefits worth more than $1,600.
• the new bill raises that cap to $40,000 for households with income below $500,000, a boon to some families in high-tax states. But data shows that the SALT cap has always affected the rich much more than anyone else.
• middle-income families might choose to take advantage of a tax deduction rewarding charitable contributions, even for those who do not itemize on their returns.
• 72 percent of the value of the tax cuts will go to the top 20 percent of earners — those making more than $153,600 — and more than 20 percent of the cuts will go to the top 1 percent, those earning more than $916,900.
• The bill slashes about $1 trillion from Medicaid — the largest cut in the program’s history — and at least 17 million Americans are projected to lose health coverage or insurance subsidies that make coverage affordable.
• The measure imposes work and reporting requirements for the first time on Medicaid recipients whose income is from 100 percent to 138 percent of the federal poverty level (roughly $32,000 to $44,000 for a family of four).
• $25,000 of tip income per year from taxation for workers earning as much as $150,000 ($300,000 for a couple).
• noncitizens — can no longer claim the child tax credit even if their child is an American. Nor can they benefit from tax code changes that lift taxation on tips and overtime pay, or certain education credits under the bill.
• legislation repeals Biden-era student loan forgiveness programs. It also sets new repayment standards for borrowers, who make fixed payments for 10 to 25 years based on the terms of their loan.

These are just the highlights.  Believe me, there’s more