đ¨ Whatâs the #OneBigBeautifulBill ? Trumpâs Massive New Law Explained! đ¨
President Trump just signed the "One Big Beautiful Bill" (OBBB)âa huge tax and spending package. Hereâs how it could affect YOU:
â Â Tax Cuts Made Permanent
Lower income tax rates stay (top rate stays at 37%).
No tax on tips (up to $25,000 deducted).
Bigger Child Tax Credit ($2,200 per kid).
BUT critics say the rich benefit most.
â ď¸Â Safety Net Cuts
Medicaid & food stamps now have stricter work rules.
Student loan repayment plans get tougher.
Millions could lose benefits.
đ Border & Defense Spending
$175BÂ for border wall, ICE, and deportations.
âĄÂ Clean Energy Rollbacks
EV & solar tax credits end by 2027.
Could slow renewable energy growth.
đ°Â Debt Impact?
Adds $3.4 TRILLION to the deficit.
đĽ Takeaway:
If youâre wealthy or a business owner, you might save big. If you rely on benefits or clean energy jobs, brace for changes.