U.S. President Donald Trump signed the sweeping One Big Beautiful Bill into law Friday, marking a significant legislative victory ahead of Independence Day celebrations. The bill, narrowly passed by the House of Representatives 218-214, combines tax reforms, defense spending increases, and controversial cuts to social programs.
Key Provisions at a Glance
The legislation introduces $4 trillion in tax cuts over a decade, including exemptions for overtime pay and tips, while raising estate tax thresholds. It simultaneously reduces Medicaid funding by $1 trillion and tightens eligibility for food assistance programs, potentially leaving millions without coverage. Savings from these cuts will fund a $1.5 trillion boost to military and border security budgets.
Economic and Social Impacts
Analysts project the bill could add $3.4 trillion to the national debt while triggering closures of rural hospitals. A Pew Research poll shows 49% of Americans oppose the legislation, with critics arguing it disproportionately benefits high-income households. Supporters, including White House officials, call it a fulfillment of campaign promises to strengthen national security and stimulate economic growth.
Political Fallout
The bill's passage highlights deepening partisan divides, with all House Democrats and two Republicans voting against it. Some GOP lawmakers have announced retirements following clashes over the legislation, potentially reshaping the political landscape ahead of 2026 midterm elections.
