#OneBigBeautifulBill

On July 4, 2025, during the American Independence Day celebration, Mr. Trump signed into law a nearly 900–1,100 page budget – tax – spending bill called the **“One Big Beautiful Bill Act” (abbreviated OBBBA)**.

The signing ceremony was grandly held at the White House, featuring a flyover performance by B-2 bombers and attended by Republican lawmakers, congressional leaders, as well as many military families.

📌 Key content of OBBBA

Permanently extends the 2017 tax cuts for individuals and businesses; adds more deductions such as tips, overtime, elderly…

Increases the state & local tax (SALT) deduction cap to $40,000 for 5 years.

Major spending for military & border security: about $150–$157 billion for defense; $150 billion for immigration enforcement, border wall infrastructure, ICE, CBP…

Significant cuts to welfare programs: Medicaid, SNAP (food stamps), clean energy subsidies, with new “work requirements” that could cause millions to lose benefits.

The Republican Party hailed it as a “big victory,” a “new golden age.”

Democrats and social organizations condemned it as welfare cuts harming the poor, budget shortfalls, favoring the wealthy. The Republican Party hailed it as a “big victory,” a “new golden age.”

Democrats and social organizations condemned it as welfare cuts harming the poor, budget shortfalls, favoring the wealthy.