Donald Trump's "One Big Beautiful Bill" is a sweeping domestic policy bill that includes various tax cuts, spending reductions, and key Republican priorities. The bill was signed into law by Trump on July 4, 2025, during an outdoor event at the White House.
Key Provisions:
Tax Cuts:
Permanent extension of the 2017 Trump tax cuts
New tax deductions on tips, overtime pay, and auto loans
Increased child tax credit to $2,200
$6,000 deduction for older adults earning up to $75,000 annually
Spending Reductions:*
Cuts to Medicaid and Supplemental Nutrition Assistance Program (SNAP)
New work requirements for Medicaid and SNAP recipients
Border Security and Immigration:*
$350 billion for border security and immigration enforcement
Funding for the US-Mexico border wall and detention facilities
Increased funding for Immigration and Customs Enforcement officers
National Defense:*
Billions for shipbuilding, munitions systems, and quality of life measures for servicemen and women
$25 billion for the development of the Golden Dome missile defense system
Impact
The Congressional Budget Office estimates the bill would increase federal deficits by nearly $3.3 trillion over the next decade.
Critics argue the bill would hurt vulnerable populations, including those relying on Medicaid and SNAP.
Supporters believe the bill would fuel economic growth, create jobs, and increase take-home pay for families.
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