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Is Trump’s ‘Big Beautiful’ spending law the biggest tax cut in US history?
US Vice President JD Vance hit the road on August 21 to promote President Donald Trump’s legislative accomplishment, the One Big Beautiful Bill Act tax and spending bill. The law permanently extended tax cuts from a 2017 law Trump signed, which would have expired at the end of 2025 had Congress not reauthorised them. The law also included some new tax cuts, including for tips, overtime and Americans 65 and older. Speaking in Peachtree City near Atlanta, Vance said, “We had the biggest tax cut for families that this country has ever seen.” The tax cuts were significant, but they weren’t the biggest in US ... (full story)
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- Aug 23, 2025 1:50pm Posted byFundamental Analysis26,392
