President Donald Trump officially signed the tax cut bill into law, a move he's dubbed "One Big Beautiful Bill" (BBB), as reported by CBS News. This marks a significant legislative victory for the administration and the Republican party. The bill brings substantial changes to the US tax code. The new law includes significant reductions in the corporate tax rate, aiming to stimulate economic growth and encourage businesses to invest in the United States. Individual income tax rates have also been adjusted, though many of these changes are set to expire in the coming years. This is intended to provide tax relief to individuals and families across different income brackets. The long-term economic impact of the 'Big Beautiful Bill' is subject to ongoing debate among economists and policymakers. ```