A provision in the One Big Beautiful Bill Act, recently signed into law by President Trump, will create the country’s first federal tax credit for donations to private schools. It aims to give families more choice in their child’s education,

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act of 2017, during Trump’s first administration.

The federal policy change raises questions about the electric vehicle market after historic investments and state incentives poured in to build the new $4 billion factory.