What Is The Big Beautiful Bill In USA?

One of the most ambitious attempts from the President of United States, Donald Trump is coming in the form of the Big Beautiful Bill. While this bill is preparing for implementation, very soon, here is a look into the kind of prospect that are associated with the same.

The One Big Beautiful Bill Act (OBBA) is a sweeping legislative package with major changes in tax policy, government spending, and social programs.

The bill permanently extends many provisions of the 2017 Tax Cuts and Jobs Act. It increases the standard deduction by $750, raising it to $15,750 for single filers. The child tax credit is bumped up to $2,200. It also raises the state and local tax (SALT) deduction cap to $40,000 through 2029.

Individuals earning under $100,000 annually (or couples under $200,000) can now deduct up to $10,000 in car loan interest when purchasing U.S.-made vehicles. New caps are placed on deductions for tip wages ($25,000) and overtime pay ($12,500) for three years.

On the spending side, OBBA allocates over $150 billion for border security, including $46.5 billion for a U.S.-Mexico border wall and $30 billion for ICE. Defense spending sees a $153 billion boost, with $25 billion set aside for a space-based “Golden Dome” missile defense system and $29 billion for shipbuilding. The bill also provides $50 billion to support rural hospitals via Medicaid.

It raises the debt ceiling by $5 trillion and imposes a lifetime federal student loan borrowing limit of $257,500, with stricter caps for graduate and professional degrees. Other provisions include restrictions on Planned Parenthood funding, a work requirement for welfare recipients, and the launch of “Trump” savings accounts for children born between 2024 and 2028.