The One Big Beautiful Bill is a massive proposed tax and spending package loaded with initiatives that align with Trump’s agenda. As it’s currently written, the bill includes major changes to Medicaid, food stamps, border security, taxes and more that have the potential to affect millions of Americans.

President Trump is betting a controversial tax package will win over voters who are skeptical of tariffs, which threaten to raise consumer prices. The bill contains versions of his campaign-trail pledge to eliminate taxes on tips,

The president’s economic policy approach is so far rattling markets, businesses and consumers. One day after House Republicans approved an expensive package of tax cuts that rattled financial markets,