#OneBigBeautifulBill One Big Beautiful Bill isn’t just a catchy name — it’s a sweeping, 1,116‑page legislative package signed by President Trump around July 4, 2025 . It merges massive tax breaks, spending cuts, and policy changes with bold claims of economic revitalization. Key highlights:

💰 Around $4.5 trillion in tax cuts—extending the 2017 brackets permanently, hiking standard deductions, and adding new deductions for tips, overtime, auto‑loan interest, and capital investments .

🚫 Deep safety‑net cuts, slashing Medicaid, Medicare, and food aid by about $1‑1.2 trillion—potentially costing coverage for over 11 million Americans by 2034 .

🌐 Clean‑energy rollbacks: phasing out EV and renewable tax credits, raising costs with worries of 830,000 lost clean‑energy jobs .

🦭 Unexpected carve‑outs: includes tax breaks for Alaska whaling captains and non‑contiguous states like Hawaii—likely to secure votes .

🏗️ Huge infrastructure and border boosts: billions more for defense, border security, air‑traffic upgrades, and rural hospital reform .

Supporters call it a “declaration of independence” for middle‑class tax relief and promise it will roar economic growth . Critics warn it’s a “Reverse Robin Hood” that pumps wealth upward, deepens deficits (CBO estimates +$2.4–2.8 trillion), and risks public health and climate goals, possibly causing tens of thousands of deaths and massive job losses .

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Why it matters

This bill marks arguably the most significant reorientation of U.S. fiscal policy this century—major tax reform, safety‑net upheaval, energy policy rollback—all wrapped in one legislative package. It’s now law, and its avalanche of effects will play out for years.