On the fourth of July, while the United States celebrates its Independence Day, Donald Trump decided to leave his mark with a controversial political event: signing his new financial bill, which he confidently and insistently called "One Big Beautiful Bill."
But behind this flashy title, the law hides a set of measures that could change the face of the American economy for years.
A law that revives Trump's promises... but at a high price.
What is known today as "One Big Beautiful Bill" is nothing but an extension of Trump's tax policies that began in 2017, which focus on easing the tax burden on individuals and the wealthy, and extending exemptions on inheritances and income until 2028.
At the moment he signed the law, Donald Trump enthusiastically announced America's entry into a "new golden era." However, this optimism was not met with consensus, as many analysts fear that these measures could deepen the social gap, increase the state's reliance on debt, and heighten the vulnerability of the American economy in the event of a new financial crisis.
Whether "One Big Beautiful Bill" will represent a real breakthrough or a historical burden on the American economy remains an open question... but it is certain that its impact will resonate for decades.
The law was passed with difficulty in the Senate through the "reconciliation process," which allows bypassing the requirement for an absolute majority by voting with only 51 votes, achieved thanks to the tie-breaking vote of the new Vice President, JD Vance.
Trump also promised to exempt tips from taxes, alongside enforcing mandatory payment for overtime work. Indeed, all of this has become a reality under the new law, at least until the end of his current presidential term.
In short
Trump's new financial project promises tax breaks and support for industry, but it raises public debt.
The law expands defense spending and reduces welfare, raising concerns among economists and observers.
