President Trump’s “One Big Beautiful Bill,” signed July 4, 2025, delivers historic tax cuts, border security, and military funding. Permanently extending the 2017 tax cuts, it adds deductions for tips, overtime, and auto loans, boosting middle-class wallets by up to $13,300 annually. The bill allocates $350 billion for border wall construction and ICE enforcement, targeting mass deportations. However, $1 trillion Medicaid cuts and SNAP reductions may leave millions uninsured, raising concerns. The Congressional Budget Office estimates a $3.3 trillion deficit increase over a decade, sparking debate over economic growth versus fiscal strain. Critics warn of impacts on the poor, while supporters hail its pro-growth policies.
