Inside Trump’s One Big Beautiful Bill—Explained by Kevin Hassett & Press Secretary Karoline Leavitt

✅ What’s in the “One Big Beautiful Bill”?

A sweeping package combining tax cuts, deregulation, and infrastructure spending.

Key features include:

Reductions in corporate and individual income tax rates, particularly aimed at middle-income brackets.

Incentives for companies to repatriate overseas profits and invest domestically.

Major infrastructure investments in roads, bridges, ports, and high-speed internet, pitched as both job creation and modernization.

Provisions slashing federal agency regulations deemed burdensome to businesses.

✅ Hassett’s main economic points:

Argued the bill will spur GDP growth above 4% annually.

Claimed it will increase business investment by cutting red tape.

Stressed that dynamic scoring (projecting economic growth effects) shows the tax cuts would pay for themselves over a decade.

✅ Leavitt’s main communication points:

Repeated President Trump’s promise that the bill is designed to “Make America Wealthy Again.”

Emphasized that the proposal would benefit American workers first and foremost, with tax relief and infrastructure spending to rebuild communities.

Rebutted criticism that it favors the wealthy, pointing to expanded child tax credits and other middle-class-focused provisions.

✅ Why it’s controversial:

Critics argue the tax cuts will balloon the deficit.

Opponents say deregulation could erode environmental and labor protections.

Supporters believe it’s a necessary pro-growth measure to revitalize U.S. manufacturing and infrastructure.