"One Big Beautiful Bill" refers to a significant budget reconciliation law recently passed by the US Congress and signed by President Trump on July 4, 2025. It's a comprehensive package encompassing extended tax cuts (making 2017 cuts permanent), increased military and border security spending, and notable reductions in social safety net programs like Medicaid. While lauded by supporters as a path to economic prosperity and national security, it has drawn criticism for its projected impact on the national debt and cuts to healthcare and social services.
