💼 Trump Signed the “One Big Beautiful Bill”
The largest tax reform in decades: from tipping amnesty to the Mexico border wall
The US is once again shocking economists. Donald Trump, back in the president’s chair, signed a massive tax law – ironically called the “One Big Beautiful Bill.” Beneath the populist wrapper is a $4.5 trillion reform already dividing the country into “enthusiasts” and “worried.”
What changes for business:
- Reduced tax on small business profits
- Restored 100% depreciation on equipment and machinery
- New incentives for domestic manufacturing
In other words – built a factory in your garage? Get a tax break.
What US citizens get:
- No taxes on tips, overtime, and pensions (until 2028)
- New standard deduction: $15,750 per individual and $31,500 per family
- Child tax credit increased to $2,200
- $1,000 personal accounts for all children born from 2025 to 2028
- SALT deduction limit raised to $40,000
- Inheritance up to $15 million (or $30 million per family) – tax-free
What used to look like “under-the-table pay” is now a legitimate tax bonus.
Where’s the money coming from?
Here’s where it gets interesting:
- Medicaid only for those working at least 80 hours per month
- SNAP food stamps cut – millions risk losing access
- All student debt forgiveness programs canceled
No work – no food. Almost literally.
Security and military:
- Completion of the Mexico border wall
- Mandatory e-Verify system for hiring
- +20,000 border officers
- Increased military budget
Just how Donald likes it — wall, army, order.
Cost of the reform:
- $4.5 trillion — cost of tax benefits
- $4 trillion — projected increase in national debt over 10 years
Living large isn’t forbidden — but who will pay the bill is still unclear.
When does it take effect?
Most provisions come into force in 2026.
Meanwhile, Americans are left guessing — is this the path to a new “great America” or a huge budget hole?
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