#OneBigBeautifulBill #OneBigBeautifulBill is the nickname for a sweeping budget reconciliation law signed by President Donald Trump on July 4, 2025. It's officially known as the One Big Beautiful Bill Act (OBBBA) and represents the centerpiece of Trump's second-term domestic agenda 1.

Here's a breakdown of what's inside this massive 887-page legislation:

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Tax Cuts & Deductions

• Permanently extends the 2017 individual tax cuts

• Introduces deductions for tips and overtime (up to $25,000 for incomes under $150,000) 2

• Raises the child tax credit by $200 1

• Allows deductions for auto loan interest and creates Trump Accounts for children's future expenses