#OneBigBeautifulBill Coinciding with the celebrations of Independence Day, the President of the United States (USA), Donald Trump, signed his tax plan on the lawns of the White House, which he called the “One Big Beautiful Bill,” translated as the “big and beautiful bill.” Trump's tax plan, approved by Congress after marathon sessions, includes tax cuts, reductions in social programs like Medicaid, and would also lead to lower revenues for the treasury, thereby increasing the federal deficit over the next decade. Trump promotes his “big and beautiful” tax plan

Among the main aspects of the tax plan, the cuts made during the first presidential term of the magnate (2017-2021) are made permanent.

This implies that, for example, a maximum rate of 37% is set for income tax and the maximum annual standard deduction (US$13,000 per taxpayer). Taxes on cash remittances and possible increase in the deficit

The text automatically taxes any remittance sent abroad from the USA at 1% of its value if it is not made through a bank transfer or debit card.

The provision represents an improvement over the original proposals, which included tax rates of 5% or 3.5% and only considered the right to reimbursement for those with U.S. citizenship. This would theoretically cause the deficit - which in the last fiscal year stood at US$1.1 trillion - to grow between US$3-US$5 trillion in that time.