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#OneBigBeautifulBill On July 5, 2025, President Trump signed the "One Great Beautiful Law" at the White House, fulfilling promises of tax cuts, increases in military spending, and border security. He proclaimed: “America is winning like never before.”
🔑 What’s Inside the Law?
$4.5 trillion in tax cuts (making Trump’s tax rates permanent)
$350 billion for border security (including the wall between the U.S. and Mexico and the detention of migrants)
New tax deductions of $6,000 for seniors earning less than $75K
Increase in the child tax credit to $2,200
Cuts to Medicaid and food assistance for low-income individuals (potential loss of coverage for 17M)
💡 New Initiatives
Trump accounts for kids with $1,000 from the Treasury 💰
$25 billion for the Golden Dome missile system 🛡️
$200 tax on silencers and shotguns eliminated
🌍 Space & Science
Billions assigned to the Artemis and Mars missions
Critics fear the law will worsen inequality, while Republicans praise it as a step towards economic growth. The law will add $3.3 trillion to the federal deficit over the next decade.
🔑 What’s Inside the Law?
$4.5 trillion in tax cuts (making Trump’s tax rates permanent)
$350 billion for border security (including the wall between the U.S. and Mexico and the detention of migrants)
New tax deductions of $6,000 for seniors earning less than $75K
Increase in the child tax credit to $2,200
Cuts to Medicaid and food assistance for low-income individuals (potential loss of coverage for 17M)
💡 New Initiatives
Trump accounts for kids with $1,000 from the Treasury 💰
$25 billion for the Golden Dome missile system 🛡️
$200 tax on silencers and shotguns eliminated
🌍 Space & Science
Billions assigned to the Artemis and Mars missions
Critics fear the law will worsen inequality, while Republicans praise it as a step towards economic growth. The law will add $3.3 trillion to the federal deficit over the next decade.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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