#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 comprehensive legislation permanently extends the 2017 tax cuts, introduces new deductions on overtime pay, tips, and benefits, and is recognized as the largest tax drop in American history. In return, it imposes massive cuts on healthcare programs like 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.