On July 4th Independence Day, Donald Trump signed the “Big, Beautiful Bill” that has been topic of much conversation amongst Americans. Below is a brief summary of some of the high points about which we believed you may be interested. (Thank you to Andy Anderson for compiling this info)

Summary:

This legislation delivers key pieces of the America First agenda—cutting taxes for workers, defending our borders, and protecting Medicaid for those who need it most.

The reconciliation bill includes:

  • Largest middle class tax cut in history (extends the Trump tax cuts that were set to expire)
  • 100% expensing for building a factory IN AMERICA
  • Work requirements on federal welfare
  • Nearly $1.7 trillion in spending cuts
  • Full funding for the border wall
  • Full funding for immigration enforcement
  • Golden Dome (air defense)
  • Unleashing American energy
  • No tax on tips, social security or overtime (via tax write-offs, with limitations)

More Detail (from Heritage Action):

For too long, the needs of the American people have taken a backseat to the wants of Washington bureaucrats and special interests. That’s why in November, voters handed President Trump and Republicans a historic mandate to refocus and reshape the federal government.

The events of this week serve as a stark reminder of how big of a task conservatives are faced with. President Trump’s One Big Beautiful Bill (OB3) faced an onslaught of attacks from Democrats, the deep state, the mainstream media, and countless special interest groups — attacks that could have easily derailed the bill.

Tax Cuts for the American People: The One Big Beautiful Bill Act extends and makes permanent popular provisions of the Tax Cuts and Jobs Act including lower tax rates for all Americans, expansion of the standard deduction to support families, and pro-growth business expensing provisions to create jobs.

Border Security and Immigration Enforcement: The bill makes critical investments to finish the wall, support immigration enforcement, and restore America’s national defense after years of decay under the previous administration.

Welfare Reform: It also takes meaningful steps to address the skyrocketing costs of the SNAP program (food stamps), which has more than doubled in less than a decade, by making meaningful reforms to support our most vulnerable populations.

Unleashing American Energy: Americans have become keenly aware of the urgency of American energy dominance, and this bill takes major strides to both increase energy independence and scale back green energy IRA tax credit giveaways.

Defending Life: It champions conservative values like protecting the unborn by defunding abortion providers like Planned Parenthood and advancing pro-family policies like the Child Tax Credit.

Furthermore, the Senate negotiated down the state and local tax (SALT) deduction from the original House-passed level to limit the expanded distortions from this provision to five years.