The Big Beautiful Bill: What Comes Next?
Buckle up! The Big Beautiful Bill cleared the House on July 3, 2025, and now it is officially law with President Trump’s signature. No autopen drama this time (we hope).
This post cuts through the noise with quick-hit summaries of what actually matters. And as always, Tariff Watch and Bankruptcy News will keep refreshing with updates because if we have to ride this economic rollercoaster, then you have to stay informed and ahead of the curve.
The Big Beautiful Bill Passes. Now What?
The Congressional Budget Office (CBO) projects that by 2034, the wealthiest households are poised to gain the most from the “One Big Beautiful Bill Act of 2025,” anticipating an average of $12,044 in annual savings. While middle-income families might see modest savings ranging from $500 to $1,000 per year.
However, those who will pay the price are the ones who can least afford it. A deeper look into the CBO’s report reveals that the lowest-income households are expected to face an average annual loss of $1,559.
A Big Painful Disruption
Billionaire Ray Dallio on “The Claman Countdown,” said the U.S. is headed for an “economic heart attack.” In case you aren’t taking notes, that can’t be good!
It’s About the Economy, Stupid!
James Carville, the Democratic strategist, who made the comment “It’s about the economy, stupid,” is stating that the U.S. economy is heading towards a recession.
The Propaganda Campaign Continues
The Social Security Administration recently sent a nationwide email celebrating the so-called “Big Beautiful Bill.” Politicization anyone? The message has created more confusion than clarity.
The heart of the disinformation misinformation is the repeated claim by President Trump and the White House that the Big Beautiful Bill eliminates taxes on Social Security. It does not.
What it does offer is “enhanced federal income tax deduction which slightly reduces the taxable portion of benefits through 2028. But a reduced rate is a long way from zero taxation.
Of course, when 71 million people receive that email, now you can see why confusion exists. An innocent mistake? The skeptic in me says otherwise. Propaganda anyone?
Bye Bye to Consumers’ Rights
Under the newly signed One Big Beautiful Bill, the Consumer Financial Protection Bureau (CFPB) is losing half of its budget. Why? Because Wall Street and creditors want you to have fewer rights.
While the Trump administration and Republican party will argue efficiency, the reality is it’s a get out of jail free card for corporations.
This page will be updated as more information becomes available.
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Please note that the information on this site does not constitute legal advice and should be considered for informational purposes only.
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