According to reports, U.S. President Donald Trump signed the controversial ‘One Big Beautiful Bill’ into law on July 4, 2025. Key highlights include:
• Legislation proposes sweeping tax cuts and changes to social security programs.
• Democrats criticize tax breaks for the wealthy and cuts in healthcare.
• Republicans argue bill will spur economic growth and curb federal spending abuse.
The bill, now back to the House for final approval, aims to make Trump’s 2017 tax cuts permanent, affecting various income brackets. The implications of this legislation are significant for the Indian business community, influencing global economic trends and investment opportunities.
Source: Business News Today, Latest Finance News | The Hindu