GM!
https://www.whitehouse.gov/articles/2025/06/50-wins-in-the-one-big-beautiful-bill/
Do we an updated overview on what will become law?
He's what I got:
🏛️ Major Tax & Budget Changes
Permanent extension of Trump-era tax cuts, including lower brackets and expanded standard deduction
Tips and overtime pay made tax-exempt through 2028
Enhanced child tax credit: raised to $2,200 per child
$5 trillion increase to the federal debt ceiling
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💊 Healthcare & Social Safety Net Cuts
Medicaid cuts via stricter eligibility and work requirements
SNAP (food stamps) eligibility narrowed, cutting off benefits for ~3 million
$50 billion Rural Hospital Fund established to stabilize rural healthcare access
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🏥 Planned Parenthood & Reproductive Care
Planned Parenthood defunded via a one-year ban on all Medicaid reimbursements to providers that offer abortion services
This includes non-abortion services like cancer screenings, STI testing, and contraception
Estimated impact: over 1 million patients affected, with potential closure of up to 200 clinics nationwide
No provision in the bill allows for restoration or refunding of the lost funds
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▶️ Border Security & Immigration
$46.5 billion for border wall expansion and technology
$45 billion for ICE detention & enforcement, plus $30B for DHS operations
Asylum fees capped at $100, down from the originally proposed $1,000
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⚔️ Defense, Energy & Infrastructure
Increased military & Coast Guard funding, including $24.6B for naval readiness
NASA receives $10B for Mars orbiter, Artemis, ISS support, and satellite programs
Rollback of climate provisions from the Inflation Reduction Act:
Eliminates clean energy tax credits
Restores older oil, gas, and coal leasing policies
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🚜 Agriculture & Public Lands
$54 billion over 10 years for crop insurance and agricultural development
FCC to auction 600 MHz of federal spectrum, aiming to raise ~$85 billion
Suppressors deregulated: no longer covered by the National Firearms Act
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⚖️ Legal & Other Provisions
Radiation Exposure Compensation Act expanded
$40 million allocated to the National Garden of American Heroes
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✅ Status & Implementation
Passed both chambers (Senate on July 1, House on July 3, 2025)
Signed by President Trump on July 4, 2025
Most provisions go into effect immediately, including the Medicaid and Planned Parenthood cuts