The "Large and Beautiful" Act, strongly promoted by the Trump administration in the United States, is an upgraded version of the tax cut policy from 2017. Its core contents include a $4 trillion tax cut over the next decade, over $1.5 trillion in cuts to social welfare programs like Medicaid, and an increase in military spending and the debt ceiling by $5 trillion. The bill passed a procedural vote in the Senate on June 28 with a vote of 51 to 49, and it is expected to complete the legislative process before July 4. Democrats criticized it for "robbing the poor to pay the rich," and there were dissenting voices among Republicans due to concerns over fiscal sustainability, with three senators voting against it. Tesla CEO Elon Musk has repeatedly criticized the bill for "destroying jobs and exacerbating the debt crisis," threatening to form another political party if it passes. Analysts point out that the bill could raise the U.S. debt-to-GDP ratio to 125%, intensifying social inequality and economic risks.