Trump Signs 'Big, Beautiful Bill' Into Law. What's Inside

In a significant move, former President Donald Trump signed the One Big Beautiful Bill into law, marking a substantial shift in the nation's fiscal policy. This legislation aims to stimulate economic growth by implementing $4.5 trillion in tax cuts. The tax reductions are designed to benefit both individuals and businesses, with proponents arguing that they will lead to increased consumer spending and job creation across various sectors. Beyond tax cuts, the bill also focuses on bolstering the United States military. The legislation includes provisions for boosting military spending, ensuring the armed forces have access to advanced technology and resources. Supporters of the bill suggest that this increase in defense funding will enhance national security and maintain the country's global military presence. Critics, however, express concerns about the potential impact on the federal deficit and the equitable distribution of the tax cuts. While the bill promises economic benefits, debates continue over its long-term implications for fiscal health and social equity. As the One Big Beautiful Bill becomes a reality, its effects on the economy and society will be closely monitored in the coming years.

— Authored by Next24 Live