President Donald Trump has turned to social media to promote his ‘Big, Beautiful Bill,’ which he claims will ‘turn the U.S. around’ after four years under President Joe Biden. The bill, passed by the House of Representatives, now faces Senate review, with its potential impact on the national debt a major point of contention. Trump described the legislation as the ‘largest tax cut, EVER,’ asserting it will protect seniors and reduce the burden on American families.
A core component of the bill is its comprehensive tax reform, which includes the elimination of taxes on tips, overtime pay, and Social Security benefits for seniors. Trump also highlights major reforms in energy, immigration, and healthcare, including the construction of the Gold Dome to secure American skies and the ‘supercharging’ of deportation efforts against undocumented immigrants. However, the bill’s inclusion of the largest mandatory spending cuts in history has raised questions about its fiscal responsibility, with projections from the Committee for Responsible Federal Budget estimating it could add $3 trillion to the national debt.
The Senate Republicans, tasked with scrutinizing the bill, are facing challenges in aligning the proposal with the constraints of the budget. Some Senate Republicans have raised concerns over the bill’s potential to exacerbate the national debt, with some GOP holdouts sounding alarms about a $36 trillion debt crisis. Meanwhile, the House GOP is under pressure to ensure the bill passes before July 4, as House Speaker Mike Johnson has only three votes he can afford to lose to secure its passage. The bill’s provisions also include measures to ‘kick millions of illegals off Medicaid’ and focus SNAP benefits exclusively on U.S. citizens, alongside repealing Biden’s EV mandate and associated green tax credits.
Critics within and outside the administration have questioned the feasibility and long-term consequences of the bill’s proposals, arguing that the proposed tax cuts and spending increases could lead to a fiscal crisis. Trump, however, has defended the legislation, suggesting that the Democrats’ previous four years of mismanagement have left the country in a state necessitating these reforms. As the legislative process continues, the ‘Big, Beautiful Bill’ remains a focal point for debates on fiscal policy, national security, and economic strategy in the United States.