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International Business Times UK
International Business Times UK
World
Rohit David

Big Beautiful Bill Summary: How Will it Affect Student Loans, Tax Cuts, Child Support and More

Donald Trump Tax Cuts Medicaid Republican Party Social Security
The One Big Beautiful Bill reshapes taxes, student loans, and child support. Discover how it impacts you. (Credit: Maekus Winkler: Pexels)

President Donald Trump on 4 July signed the 'One Big Beautiful Bill Act', a sweeping tax and spending package legistation reshaping America's economic landscape.

Passed by the Senate with Vice-President JD Vance's tie-breaking vote, this legislation extends Trump's 2017 tax cuts, funds border security, and slashes social safety nets, impacting students, families, seniors, and low-income households.

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