Trump’s Big Beautiful Bill: Permanent Tax Cuts for the Rich, Temporary Relief for You
On July 4, 2025, Trump signed H.R. 1 into law. Republicans called it the “One Big Beautiful Bill Act.” The Congressional Budget Office calls it $3.4 trillion added to the national debt. Over ten years.
Let’s talk about what’s in it.
The bill makes Trump’s 2017 tax cuts permanent. Those cuts were set to expire at the end of 2025. They disproportionately benefited corporations and the wealthy. Now they’re locked in forever. Your cuts? Temporary.
The bill includes tax relief that expires in 2028. No tax on tips. No tax on overtime. Higher state and local tax deduction caps. All temporary. All ending in a few years. When they expire, your taxes go up unless Congress extends them. Which costs more money. Which adds more debt.
But corporate tax cuts? Those are permanent. The wealthy? Their capital gains rates are locked in. Forever.
You see the pattern? The rich get certainty. You get an expiration date.
And it gets worse. To partially pay for these tax cuts, Republicans gutted programs that help working people. They slashed $186 billion from nutrition assistance over ten years. They added harsh work requirements to SNAP and Medicaid. They cut federal healthcare spending by over a trillion dollars.
Seventeen million Americans will lose health coverage because of this bill. The government’s own estimates say that. Seventeen million people—including children, pregnant women, disabled individuals, seniors, veterans—will lose access to healthcare to pay for permanent tax cuts for corporations and billionaires.
They’re making you choose between food assistance and tax cuts for Mar-a-Lago members. Between healthcare for your kids and lower capital gains rates for hedge fund managers. Between SNAP benefits that feed families and permanent corporate tax breaks that pad shareholder returns.
Oh, and remember Scott Bessent? Trump’s Treasury Secretary? The guy who signed off on this bill? Senate Democrats found he used questionable loopholes to avoid paying nearly a million in Medicare taxes. That’s the guy implementing tax policy. The guy who didn’t pay his full share gets to decide yours.
This bill also funds the border wall—$46.6 billion for it. That’s more than three times what Trump spent on it during his first term. It includes $54 billion for mass deportations and detention camps. Tens of billions for ICE to build facilities. All while cutting healthcare and food assistance.
The Congressional Budget Office projects this adds $3.4 trillion to the deficit. Some Republicans claim it reduces deficits by using a “current policy” baseline that pretends tax cuts don’t cost money. That’s like saying you saved money by not canceling your yacht lease.
Real accounting uses current law. Current law said those tax cuts expired. Congress chose to make them permanent. That’s new spending. That increases the deficit. Basic math.
And here’s the kicker: more than 60% of the bill’s costs hit in the first five years, before temporary provisions expire. Future Congresses will face pressure to extend those expiring tax cuts. Which will cost even more. Which will add even more debt.
Republicans just mortgaged your future to give permanent tax breaks to people who already have everything. They cut healthcare for millions to fund walls and deportations. They made corporate profits permanent and your relief temporary.
The bill passed 51-50 in the Senate with JD Vance breaking the tie. It passed 218-214 in the House. Not a single Democrat voted for it. Because they knew what it was.
A massive transfer of wealth from working people to the already wealthy. Dressed up as patriotism and signed on July 4th.
Still think he’s fighting for you?
Sources:
Wikipedia: “One Big Beautiful Bill Act”
Bipartisan Policy Center: “What Does the One Big Beautiful Bill Cost?”
PwC: “President Trump signs H.R. 1, the ‘One Big Beautiful Bill Act'”