Trump’s “One Big, Beautiful Bill” Explained: Who Gains, Who Loses, And What It Means For America

Big Beautiful Bill Explained: President Donald Trump’s sweeping new tax and spending bill just passed Congress — promising permanent tax cuts, deep spending cuts to programs like Medicaid and SNAP, and massive investments in immigration enforcement and defense. In this in-depth explainer, we break down what the 887-page legislation includes, who benefits the most (wealthy Americans and big business), who stands to lose (low-income families, clean energy, and the uninsured), and how it could impact the U.S. economy and federal deficit over the next decade.