#TrumpVsMusk đĸ One Big Beautiful Bill Passed: Major Changes to America's Tax System!
đēđ¸ The Republican-controlled U.S. Senate passed the "One Big Beautiful Bill Act" by a vote of 51-50 â this bill, passed with the tie-breaking vote of Vice President JD Vance, will now return to the House.
đš Key Features:
â Elimination of taxes on tips, overtime, and Social Security
â New funding for border security
â "Golden Dome" project
â Spending cuts and welfare reform
đ Three Republicans (Rand Paul, Thom Tillis, Susan Collins) voted against the bill with the Democrats.
đŖī¸ President Trump is saying this is "the largest tax cut in history" which is a significant relief for working Americans.
đ MARKET INSIGHT: Due to tax cuts, consumer spending and income may increase, which could impact the U.S. dollar and stock market. Demand may also rise in the crypto and ETF-controlled investment sectors.