What Trump’s massive bill would actually do, explained

President Donald Trump signs a bill on June 12, 2025. | Saul Loeb/AFP via Getty Images

Republicans are close to passing President Donald Trump’s so-called One Big Beautiful Bill, which will cut taxes, slash programs for low-income Americans, ramp up funding for mass deportation, and penalize the solar and wind energy industries.

Oh, and it adds enormously to the nation’s debt — but who’s counting? (Independent analysts are, and they estimate it will add at least $3 trillion.)

The sprawling...