📢 Trump’s Budget Plan: The One Big Beautiful Bill

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Here’s the latest on Trump’s high-profile budget plan — famously dubbed the One Big Beautiful Bill — as it moves through Congress:

📜 Quick Highlights

Massive tax cuts — $3.8–4.5 trillion over 10 years, including new deductions and permanent 2017 tax break extensions
Healthcare & SNAP cuts — Millions could lose Medicaid and food stamp benefits
Expanded defense & immigration funding — Border wall, ICE, deportations, and military investments
Rollback of clean energy incentives
Deficit impact — Estimated $2.4–5 trillion added to national debt over a decade

🎯 Summary

Trump’s budget plan attempts a dramatic reshaping of federal priorities:

Aggressive tax cuts skewed toward wealthy individuals and corporations
Deep reductions in health, food, and clean energy spending
Significant funding increases for immigration enforcement and defense
Major increase in federal borrowing despite modest projected economic growth

The bill passed the Senate narrowly and now faces divisions within the House, where factions clash over its scale, fairness, and fiscal consequences. The outcome remains uncertain as GOP leaders race to finalize negotiations by July 4.

📢 Trump’s Budget Plan: The One Big Beautiful Bill

Here’s the latest on Trump’s high-profile budget plan — famously dubbed the One Big Beautiful Bill — as it moves through Congress:

📜 What’s in the Bill (Senate version passed)

Massive tax cuts • $3.8–4.5 trillion in tax breaks over 10 years:
- Permanently extends 2017 TCJA tax cuts
- New deductions/tax exemptions on tips, overtime, Social Security, auto loan interest
- SALT deduction cap raised to ~$40K
Spending & entitlement cuts
- Medicaid slashed via work requirements and state payment reductions — projected 12–17 million could lose coverage
- SNAP (food stamps) benefits cut by 18–20%
- Rollbacks in clean energy tax credits (solar, wind)
Expanded defense & immigration funding
- $50–350 billion for border wall, ICE, mass deportations, and detention infrastructure
- $150 billion for defense spending (missile defense, military buildup)
New initiatives & offsets
- Introduces “Trump Accounts” for children's savings
- Support for rural hospitals
- Limited AI regulation
- Repeals Biden-era clean energy incentives

📉 Budget & Economic Impact

According to independent analysts, Trump’s One Big Beautiful Bill could:

Increase the national deficit by $2.4 to $5 trillion over 10 years
Boost short-term GDP by 0.3–0.5% due to tax cuts, though most benefits skew toward high earners and corporations
Trigger long-term economic risks, including higher interest rates and federal borrowing costs
Potential strain on state budgets, especially in progressive states like California facing federal funding cuts

🏛️ Congressional Outlook & Timeline

The Senate narrowly passed its version of the bill on a 52-48 party-line vote. In the House:

Hardline Republicans are pushing for deeper spending cuts
Moderate Republicans express concern over Medicaid and SNAP reductions
Democrats are unified in opposition

Negotiations continue, with House leaders aiming to finalize the bill by July 4. Analysts expect potential amendments before any final vote reaches the President's desk.

🎯 Summary

The One Big Beautiful Bill represents a sweeping shift in federal policy—prioritizing tax cuts and defense spending while scaling back healthcare, food assistance, and clean energy programs. Its full impact will depend not only on final congressional negotiations but also on how states like California respond.

🌴 How Trump’s One Big Beautiful Bill Impacts California & the Filipino-American Community

Here’s a tailored breakdown of how Trump’s One Big Beautiful Bill (OBBBA) would impact California—and in particular, the Filipino-American community:

🏥 Healthcare & Medicaid

Strict work requirements threaten coverage for millions, including thousands of Filipino families in California
CHIP (child health) access harder to maintain, particularly for immigrant households
California lawsuit underway to block Medicaid data sharing with ICE

⚡ Energy & Utilities

Rollback of clean energy tax credits may raise electricity bills statewide
Estimated 7%+ increase in household energy costs over the next decade

🎓 Education

Pell Grant cuts threaten access to higher education for over 700,000 low-income Californians
Filipino-American students disproportionately affected in urban hubs like LA and Bay Area

🏛️ Immigration & Enforcement

$170 billion for ICE, detention, and deportation infrastructure
Increased fear and legal risks for mixed-status Filipino households

💸 Remittances

Proposed 1–3.5% remittance tax could significantly hurt Filipino workers sending money to families in the Philippines

Filipino-Americans in California face a complex set of challenges under OBBBA—from healthcare and education access to financial strain and immigration pressures. Staying informed and connected to local resources is crucial.

House rushes to pass Trump’s big bill - Associated Press

Republican leaders in the House are sprinting toward a Wednesday vote on President Donald Trump’s tax and spending cuts package, determined to seize momentum from a hard-fought vote in the Senate while essentially daring members to defy their party’s leader and vote against it.

🤝 Let’s Build Understanding — Together

Whether you identify as Republican, Democrat, Independent, or anywhere in between, your voice matters.

The One Big Beautiful Bill affects all of us — families, students, workers, immigrants, and taxpayers alike. Now more than ever, it’s important that we listen to each other, share concerns, and work toward common ground.

We invite you to share your thoughts in the comments below. Let’s keep the conversation respectful, honest, and focused on how these policies truly impact our communities — especially for Filipino-Americans here in California and beyond.

💡 Are you passionate about community issues? Want to share your perspective? We welcome guest contributors! Reach out to us and blog for Pinoybuilt.com.

Together, informed and united, we are stronger.