Trump's 'Big Beautiful Bill' contains roughly $4.5 trillion in tax cuts and solidified the tax cuts from Trump’s first term. The wealthiest families will enjoy a $12,000 increase at the cost of the poorest people having to pay an additional $1,

Minnesota state officials warned the bill would cut $500 million a year in reimbursements for hospital and nursing home coverage.

In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to become a law. But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through Congress in recent days and landed on his desk in time for him to sign it into law by his July 4 deadline.