#OneBigBeautifulBill

The hashtag #OneBigBeautifulBill refers to a massive law signed by President Trump on July 4, 2025, officially known as the One Big Beautiful Bill Act (investopedia.com). This legislation is comprehensive, permanently extending the tax cuts of 2017, offering new deductions on overtime pay, tips, and benefits, and is known as the largest tax drop in American history. In return, it imposes huge cuts on healthcare programs like Medicaid and SNAP, threatening to remove millions from medical coverage (americanprogress.org). Estimates suggest it will increase the federal deficit by $2.8-3.4 trillion over the next ten years. Its supporters claim it will allow for economic prosperity amid Democratic growth of the middle class and rising wages, while its opponents warn of its social and financial impacts.