#OneBigBeautifulBill

🏛️ One Big Beautiful Bill – Super bill, major controversy

Signed on July 4, 2025, by Mr. Trump, "One Big Beautiful Bill" is a budget and tax law package over 1,000 pages long, consolidating many policies:

– Expanding dozens of tax incentives (from tip taxes, tips, car loan interest) worth over $4.5 trillion

– Reducing Medicaid/SNAP by about $1 trillion, with new work requirements

– Increasing spending for defense & border security by an additional $300–350 billion

This bill was passed in a closely divided Congress (Senate: 51–50, House: 218–214) .

Who wins, who loses?

– Helps the wealthy, businesses, and overtime workers (increased child tax credit, tip tax exemption)

– Defense infrastructure and immigration are strengthened

– Risk of increasing public debt by about $2.4–3.4 trillion and causing 10–14 million people to lose health insurance

President Trump hailed this as a "historic victory," but the opposition bloc warns: "a ruthless act," which could cause the deaths of thousands of poor people.