#OneBigBeautifulBill

The One Big Beautiful Bill Act is a budget reconciliation law passed by the 119th United States Congress, signed into law by President Donald Trump on July 4, 2025. This law contains hundreds of provisions, including permanent extension of individual tax rates from the 2017 Tax Cuts and Jobs Act, increased child tax credits, and new tax deductions for tips and overtime pay. The bill also includes significant spending increases for defense and border security, while cutting Medicaid and Medicare spending. Estimated to add $3 trillion to the national debt and cut $4.46 trillion in tax revenue over 10 years, the bill has sparked intense debate, with critics arguing it disproportionately benefits the wealthy and large corporations. Despite opposition, the bill passed the House 218-214 and the Senate 51-50, with Vice President JD Vance casting the tie-breaking vote.