#OneBigBeautifulBill

"One Big Beautiful Bill" refers to a significant piece of legislation in the United States, specifically the One Big Beautiful Bill Act (OBBBA), which was recently signed into law by President Donald Trump on July 4, 2025.

This bill is a Republican-backed budget reconciliation law that encompasses a wide range of tax and spending policies forming the core of President Trump's second-term agenda. It's described as "big" because of its comprehensive nature, addressing multiple sectors of the American economy.

Key provisions and aspects of the One Big Beautiful Bill include:

* Tax Cuts: It permanently extends individual tax rates from the 2017 Tax Cuts and Jobs Act (TCJA) and introduces new temporary tax deductions for things like tips, overtime pay, and auto loans. It also raises the cap on the state and local tax (SALT) deduction for certain income levels.

* Government Spending: It includes significant increases in defense spending and funding for border enforcement and deportations. Notably, it drastically increases funding for Immigration and Customs Enforcement (ICE).

* Social Programs: The bill makes substantial cuts to Medicaid and Medicare spending and expands work requirements for SNAP (food stamps) recipients.

* Energy Policy: It phases out clean energy tax credits from the Biden-era Inflation Reduction Act and promotes fossil fuels.

* Fiscal Impact: The Congressional Budget Office (CBO) estimates that the OBBBA will add a significant amount to the national debt over the next decade.

The bill has been met with both praise from its supporters, who highlight its pro-growth policies and tax relief, and criticism from opponents, who raise concerns about its impact on the national debt, social safety nets, and clean energy initiatives.