The Wikipedia article covers the One Big Beautiful Bill Act, the tax-and-spending statute at the core of Donald Trump's second-term agenda, which the 119th Congress passed narrowly — 51-50 in the Senate with JD Vance's tiebreaking vote — and Trump signed on July 4, 2025. It details provisions extending the 2017 tax cuts, cutting Medicaid and SNAP, funding ICE and defense, and phasing out clean energy credits, alongside CBO forecasts of $2.8 trillion added to the deficit and 10.9 million losing insurance, and criticism calling it the largest upward transfer of wealth in American history.