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Al Jazeera
Al Jazeera
Politics

Is Trump’s ‘Big Beautiful’ spending law the biggest tax cut in US history?

Donald Trump Tax Cuts United States George W Bush Barack Obama JD Vance GDP
President Donald Trump holds up the One, Big Beautiful Bill Act that was signed into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025 in Washington, DC [Alex Brandon/POOL/AFP]

US Vice President JD Vance hit the road on August 21 to promote President Donald Trump’s legislative accomplishment, the One Big Beautiful Bill Act tax and spending bill.

The law permanently extended tax cuts from a 2017 law Trump signed, which would have expired at the end of 2025 had Congress not reauthorised them. The law also included some new tax cuts, including for tips, overtime and Americans 65 and older.

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