#OneBigBeautifulBill The "One Big Beautiful Bill Act" (OBBBA), championed by President Trump in 2025, proposes extensive tax cuts and spending reductions. It aims to extend the 2017 tax reforms, eliminate taxes on tips, and increase the SALT deduction cap to $40,000. To offset revenue losses, the bill suggests significant cuts to Medicaid, SNAP, and green energy programs, potentially increasing the federal deficit by $2.8 trillion over a decade. Critics argue it disproportionately benefits high-income households while jeopardizing healthcare and social services for low-income Americans. The bill also allocates substantial funds to defense and border security, including $160 billion for the "Golden Dome" missile defense system.