#OneBigBeautifulBill

The One Big Beautiful Bill Act is a significant piece of legislation signed into law by President Donald Trump on July 4, 2025. This comprehensive bill encompasses various aspects, including ¹ ² ³:

- *Tax Reforms*: The bill extends tax breaks introduced in the 2017 Tax Cuts and Jobs Act, preventing large tax increases for individuals and businesses. It also includes major tax changes affecting wealthy individuals and institutions, such as a tax hike on university endowments from 1.4% to 8%, impacting top-tier universities like Harvard and Yale.

- *Immigration Policy*: The bill allocates $45 billion for expanding the deportation system and building new detention centers, as well as $46.6 billion for constructing a wall on the US-Mexico border.

- *Social Welfare Programs*: The bill introduces work requirements for able-bodied Americans receiving taxpayer-funded benefits, aiming to promote dignity through work. It also reduces funding for Medicaid, SNAP food assistance, and other social support programs.

- *Economic Impact*: The bill is estimated to add $2.4 trillion to primary deficits over the coming decade, increasing the national debt by $3.0 trillion, including interest.

- *Key Provisions*:

- *Tax Cuts*: The largest tax cut in American history, with potential for $5,000 extra in Americans' pockets.

- *Work Requirements*: Implementing work, volunteer, education, or training requirements for beneficiaries of taxpayer-funded programs.

- *Border Security*: Funding for border wall construction and deportation system expansion.

The bill has been met with both support and criticism, with proponents arguing it delivers significant tax cuts and promotes American interests, while critics argue it disproportionately benefits the wealthy and harms vulnerable populations