#OneBigBeautifulBill

Here’s a sharp, analyst-style breakdown of Trump’s One Big Beautiful Bill, passed by the Senate today, July 5, 2025:

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✅ Pros (The “Beautiful” Highlights)

🔹️Permanent tax cuts & expanded deductions

Extends the 2017 Tax Cuts and Jobs Act indefinitely .

Introduces new perks: deductions on tips, overtime, auto loans, plus a $6,000 senior exemption (phases out above certain income thresholds) .

🔹️Business and investment boost

Locks in full expensing for equipment and R&D—favored by manufacturers and tech firms .

Solidifies SALT deductions up to ~$40K for five years .

🔹️Border & defense spending

Adds ~$150 billion for border enforcement and another $150 billion for defense, airline, and wireless infrastructure .

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⚠️ Cons (The Ugly Underbelly)

🔸️Deep cuts to social safety nets

Big Medicaid reductions: expanded work requirements, provider tax cuts, ~$1 trillion over time. CBO estimates ~11 million Americans lose coverage by 2034 .

SNAP food aid slashed, with stricter rules—poor households could lose ~$1,600/year .

🔸️Regressive outcomes & inequality

The wealthy gain far more: top earners could see benefits up to $290,000/year, while low-income families are net losers .

Critics warn of the largest upward wealth transfer ever .

🔸️Ballooning deficits

Adds $2.8–3.4 trillion to the deficit over a decade, worsening the national debt and risking higher interest rates . Mortgage lenders, Moody’s & Fitch are raising concerns.

🔸️Clean-energy rollback

Phases out Biden-era clean energy credits, favoring fossil fuels—sparking criticism from industry and environmentalists.