#OneBigBeautifulBill

As of July 2025, the "One Big Beautiful Bill" has been officially signed into law by President Donald Trump during a celebratory Fourth of July ceremony. This landmark legislation, a key promise of his second term, delivers broad tax cuts, substantial increases in military and immigration enforcement spending, and significant reductions in Medicaid. While celebrated by the administration for fulfilling campaign promises and aiming to boost economic growth, it has drawn criticism from Democrats and some Republicans for projected increases to the national debt and impacts on social safety net programs. The bill also includes new tax breaks for tipped workers and a higher cap on state and local tax deductions.