The massive tax and budget bill President Trump signed into law this month could prove a major challenge for Republicans in the 2026 midterm elections — but probably not in the places that will be hurt the most by it.

Plus: A famous soccer coach is sentenced to prison for tax fraud, filing an amended tax return, smoking rates and sin taxes, filing deadlines, tax trivia, and more.

Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)