The "Big and Beautiful" Act, with the number #大而美法案 , is a large-scale tax and spending bill promoted by the Trump administration. On July 3, local time, the U.S. House of Representatives narrowly passed the bill with a vote of 218 to 214, sending it to the President for signature ahead of the July 4 deadline set by Trump. The specifics are as follows:

- Main content:

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- Massive tax cuts: Makes the personal tax relief provisions of the 2017 tax cut act permanent, extends the low tax rates for personal and corporate income, raises the tax exemption threshold for personal income, and also allows for the deduction of more state and local taxes on federal tax returns.