#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 tax cuts of 2017, offering new deductions on overtime wages, tips, and benefits, and is known as the largest tax drop in American history. In return, it imposes massive cuts to healthcare programs such as 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 argue that it will allow for economic prosperity amid democratic growth for the middle class and wage increases, while its opponents warn of its social and financial impacts.

investopedia.com

indiatimes.com

thedailybeast.com