#OneBigBeautifulBill

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 2017 tax cuts, offering new deductions on overtime pay, tips, and benefits, and is known as the largest tax drop in American history. In return, it imposes massive cuts to healthcare programs like Medicaid and SNAP, threatening to leave millions without medical coverage. 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 wage increases, while its opponents warn of its social and financial impacts.