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#biguglybilltrump #bitcointrump #Immigration #bigbeautifulbill #Trumpdictator #deporttrump #Medicaid #SNAP
On July 4, 2025, when Trump signed the Great Beauty Act at the White House, the legislative tug of war that had taken months and three congressional votes finally came to an end. However, before the ink on the bill dries, the deep cracks in American society are clearly visible - it is not only a political manifesto for Trump to fulfill his campaign promises, but also a fiscal experiment in the name of tax cuts and the practice of wealth redistribution. In this legislative game that interweaves beauty and cruelty, 12 million low-income individuals may lose their healthcare coverage, while Wall Street giants welcome a new round of wealth feast.
The core of the bill is to continue and expand the framework of the 2017 Tax Reduction and Employment Act, with the corporate tax rate permanently locked at 21%, and policies such as full depreciation of equipment and immediate deduction of research and development expenses further reducing corporate costs. According to estimates, the manufacturing industry alone can achieve an average annual profit growth of 15% through export tax rebates, and the traditional energy industry will receive $27 billion in tax credits. Musk has bluntly criticized the bill for "widening the budget deficit," but energy giants have begun planning new shale oil drilling platforms.
In sharp contrast, there has been a comprehensive contraction of the social welfare system. The new job requirement for the medical subsidy program requires unemployed adults to complete 80 hours of labor per month to maintain their eligibility, directly resulting in 11.8 million people losing medical insurance coverage, with rural areas being the most severely affected. The administrative cost sharing ratio of the Supplemental Nutrition Assistance Program (SNAP) has increased from 50% to 75%, and 40 million low-income individuals who rely on food stamps are facing reduced welfare. Ironically, although the bill establishes a $50 billion rural hospital special fund, it is not enough to make up for the gap caused by the reduction of medical subsidies.
The bill raises the federal debt ceiling from $36.1 trillion to $41.1 trillion, which appears to be a temporary measure to avoid a government shutdown, but in reality, it poses long-term risks. According to data from the Congressional Budget Office, tax cuts over the next decade will reduce fiscal revenue by $4 trillion, while cutting welfare will only save $1.5 trillion in spending, resulting in a net increase in the deficit of $3.4 trillion. Despite Trump's claim that "economic growth can absorb deficits," the reality is that the US GDP growth rate has slowed to 1.8% in the second quarter of 2025, far below the 0.5% boost expected by the bill.
The process of passing the bill exposed profound divisions within the Republican Party. In the House vote, more than 20 Republicans defected, and the Senate narrowly won by a margin of 51:50. Vice President Vance's crucial vote highlighted the difficulty of compromise. This intra party divide reflects broader social contradictions: data from the Atlanta Fed shows that the wage growth rate of the lowest income group has plummeted from 7.5% after the pandemic to 3.7%, while the average annual income of the richest 10% of households has increased by $12000.
Trump attempted to use the narrative of "blue collar revival" to conceal the essence of the policy, but the reality is that the tariff war has led to a 3% reduction in disposable income for the poorest families, and the reduction of medical subsidies will increase child poverty rates. United Nations human rights experts have long warned that "American policies are systematically removing the safety net of the poor.
When Trump declared at the Independence Day celebration that "this is the rebirth of the American economy," the chimes of Wall Street and the sighs of the slums formed a piercing duet. History has shown that any policy that attempts to achieve economic growth through 'robbing the poor to help the rich' will ultimately come at the cost of social fragmentation. The real test of the Great Beauty Act is not the numerical game of congressional voting, but whether it can withstand the dual judgment of time and fairness. https://www.minorityreporter.net/post/critics-say-trump-s-big-beautiful-bill-targets-nation-s-poorest-while-millions-who-could-be-impac