Big Beautiful Bill

ELI5 - What is Trump's Big Beautiful Bill and why is it controversial?

Trump's "Big Beautiful Bill," signed July 4, 2025, is a massive tax and spending law that cuts $4.5 trillion in taxes over 10 years—mostly helping wealthy individuals and big companies, though it also gives breaks like no taxes on tips, a $6,000 senior deduction, and a bigger child tax credit. To offset some costs, it cuts $1.2 trillion from Medicaid, SNAP, and green energy programs, which could lead to $12 million losing health coverage and millions more losing food aid. It adds $3.3–3.4 trillion to the federal deficit, with debt expected to hit 130% of GDP by 2034. Supporters claim it’ll boost growth and reward work; critics say it favors the rich, weakens safety nets, and risks inflation. The law passed Congress narrowly, with deep partisan divide. Its long-term economic impact is uncertain, but its immediate effects are sweeping and controversial.

By Alex 27 days ago