#OneBigBeautifulBill 🚀 *One Big Beautiful Bill Act: A Sweeping Piece of Legislation* 📈
The One Big Beautiful Bill Act, also known as OBBBA or BBB, is a proposed budget reconciliation bill in the 119th United States Congress. This bill has been making waves in the political sphere, with its passage in the House of Representatives on May 22, 2025, and the Senate on July 1, 2025.¹
*Key Features:*
- *Budget Reconciliation*: The bill aims to provide for reconciliation pursuant to title II of H. Con. Res. 14.
- *Party-Line Vote*: The bill passed the House with a vote of 215-214-1 and the Senate with a vote of 51-50, with Vice President JD Vance casting the tie-breaking vote.
- *Economic Impact*: The bill's impact on the economy, healthcare, immigration, and tax policy is significant, with potential effects on the national debt and job market.² ³
*Reactions:*
- *Supporters*: Some see the bill as a defining moment for 2025, offering hope for financial relief.
- *Critics*: Others view it as a threat to essential services and long-term stability, with potential negative consequences for the US credit rating.
- *Notable Opponents*: Bernie Sanders slammed the bill as a "gift for billionaires," while Larry Summers warned it could lead to "deadly, dangerous decline".
*What's Next:*
- *Final Consideration*: The bill is now moving to the House of Representatives for final consideration after passing the Senate.
- *Potential Impact*: The bill's passage could have significant implications for Americans, with potential changes to taxes, financial planning, and more.⁴ ⁵