US Congress Passes $4.5T Tax-Spending Bill Increasing Deficit, Cutting Medicaid

President Donald Trump's ambitious 'One Big Beautiful Bill' has passed Congress amid deep partisan divisions, promising significant benefits mainly for corporations and wealthy Americans while imposing burdens on lower-income groups. The legislation includes permanent tax cuts for the rich and businesses, especially benefiting manufacturers and high-tech industries, but it also enacts steep cuts to Medicare, Medicaid, food stamps, and green energy tax credits, raising concerns about increased economic inequality and millions losing health coverage. Despite vocal opposition from some Republicans during the legislative process, most ultimately voted in favor, reflecting their subservience to Trump and alignment with GOP priorities. Critics warn the bill will add trillions to the national deficit, exacerbate fiscal instability, and disproportionately harm vulnerable Americans, fueling a growing backlash. The bill also preserves controversial tax provisions like the pass-through deduction, which primarily benefits the wealthiest and contributes to rising income inequality. Overall, while Trump hails the legislation as a new 'Golden Age,' many analysts and progressive groups predict it will deepen social and economic divides in the United States.