#OneBigBeautifulBill

Large Budget Package (H.R. 1), passed by Congress and signed by Donald Trump on July 4, 2025.

Key Provisions:

1. Tax Benefits: elimination of taxes on tips and overtime, increase in standard deductions, growth in child benefits, increase in the threshold for property tax deductions (SALT), tax advantages for the wealthy (including up to $15 million on inheritance).

2. Social Programs: extensive cuts to Medicaid and SNAP, introduction of work requirements and state co-funding for programs.