President Trump’s One Big Beautiful Bill Act, a 1,100-page juggernaut passed by the House on May 22, 2025, showcases his bold economic vision but comes with serious costs. The Congressional Budget Office projects it will balloon the deficit by $3.8 trillion over a decade, with some estimates hitting $5.3 trillion. While Trump’s tax cut extensions shield millions from a 22% tax hike, fueling growth, this borrowing could spike interest rates, quietly hitting everyday Americans with pricier mortgages and loans. Still, Trump’s supporters argue this is a necessary trade-off for prosperity.
Trump’s One Big Beautiful Bill: Deficit, AI Power Grab, and Congressional Failure
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