🚨 What’s the #OneBigBeautifulBill ? Trump’s Massive New Law Explained! 🚨
President Trump just signed the "One Big Beautiful Bill" (OBBB)—a huge tax and spending package. Here’s how it could affect YOU:
✅ Tax Cuts Made Permanent
Lower income tax rates stay (top rate stays at 37%).
No tax on tips (up to $25,000 deducted).
Bigger Child Tax Credit ($2,200 per kid).
BUT critics say the rich benefit most.
⚠️ Safety Net Cuts
Medicaid & food stamps now have stricter work rules.
Student loan repayment plans get tougher.
Millions could lose benefits.
🛑 Border & Defense Spending
$175B for border wall, ICE, and deportations.
⚡ Clean Energy Rollbacks
EV & solar tax credits end by 2027.
Could slow renewable energy growth.
💰 Debt Impact?
Adds $3.4 TRILLION to the deficit.
🔥 Takeaway:
If you’re wealthy or a business owner, you might save big. If you rely on benefits or clean energy jobs, brace for changes.