The Big Beautiful Bill: What's In It For You?

It's not just about taxes. It's about who gets help and who gets left behind.

Taxes

• Wealthy: Save an average of $12,000
• Poor: Pay around $1,600 extra each year
• Cuts to Medicaid and food aid

New Tax Breaks

• Tips, overtime, and auto loans get deductions
• Older adults (earning less than $75,000): Deduct $6,000
• Child tax credit: Up to $2,200
• Many low-income families still won't get the full credit

Businesses

• Write off 100% of equipment and research costs

Border Security

• $350 billion allocated
• Border wall
• More detention beds
• Signing bonuses for new ICE agents
• Immigrants pay for some of this through new or increased fees

Clean Energy

• Cuts tax breaks for wind and solar
• Electric vehicle tax break: Gone by September 30
• Original plan was 2032

Payment

• Cutting Medicaid and food assistance
• Millions must meet work requirements or pay more for healthcare
• CBO: 11.8 million uninsured by 2034
• 3 million will lose food stamps

Big Picture

• Wealthy and businesses get breaks
• Poor pay more
• Border security gets a boost
• Clean energy takes a hit

It's a mixed bag. But one thing's clear: the Big Beautiful Bill is not so beautiful for everyone.