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Big Beautiful Bill Passes Senate—Will the House Stop America’s Breakdown?

Trump's "Big Beautiful Bill" Passes by One Vote: Why Critics Call It a Danger for America


HokaNews provides global crypto news, analysis, and insights. Covering blockchain technology, DeFi, NFT, and digital finance trends for investors and enthusiasts worldwide.


In a razor-thin 51–50 vote, the U.S. Senate has passed former President Donald Trump’s “Big Beautiful Bill,” a $4.5 trillion package that could redefine the American economic landscape for years to come. Vice President JD Vance, once again stepping into the spotlight, broke the tie to push through what is already being labeled one of the most controversial pieces of legislation in modern American history.

The passage followed over 24 hours of intense debate, marked by sharp divisions even within Republican ranks. Senators Thom Tillis (NC), Susan Collins (ME), and Rand Paul (KY) broke with their party, expressing concerns about the bill’s impact on deficits and its aggressive cuts to social programs. Despite internal rifts, the bill passed, setting the stage for a showdown in the House of Representatives that could shape the economic and political trajectory of the United States ahead of the 2026 midterms.


HokaNews provides global crypto news, analysis, and insights. Covering blockchain technology, DeFi, NFT, and digital finance trends for investors and enthusiasts worldwide.
Source: X


What Is Inside Trump’s $4.5 Trillion “Big Beautiful Bill”?

The Congressional Budget Office (CBO) has provided a detailed analysis of the proposal, which includes:

  • $4.5 trillion in tax cuts focused heavily on high-income earners and corporations.

  • Rollbacks on green energy tax credits, impacting solar, wind, and electric vehicle sectors.

  • $1.2 trillion in welfare cuts, targeting Medicaid, food assistance programs, and adding work requirements for recipients.

  • Increased incentives for U.S. manufacturing and expanded defense spending aimed at reinforcing America’s industrial base.

Supporters argue that the bill represents a significant pro-growth pivot, designed to stimulate economic activity, attract corporate investments, and strengthen America’s global economic position. However, critics warn that these benefits come at a steep cost, particularly for working-class families who rely on social safety nets now under threat.

“The Most Dangerous Act in Modern History”?

Reactions to the bill’s passage have been polarizing. Senator Bernie Sanders described the bill as “the most dangerous piece of legislation in modern U.S. history,” arguing it is a “gift to the billionaire class” that will inflict significant hardship on ordinary Americans.

“This is a gift to the billionaire class while causing massive pain for working families,” Sanders stated in a fiery Senate floor speech that echoed the sentiments of progressives and many grassroots organizations.

Republicans celebrated the bill’s passage as a major legislative victory, yet many remain uneasy about its potential political consequences. The bill’s aggressive tax cuts may energize Wall Street and the energy sector, but its deep cuts to welfare and healthcare programs could alienate key voter demographics and create new vulnerabilities for GOP candidates in the next election cycle.

Political Chaos Looms in the House

The bill now moves to the House of Representatives, where its future is uncertain. Moderate Republicans are already expressing concerns about the bill’s steep welfare cuts and the potential for a $3 trillion spike in the national deficit, adding to existing political tensions.

The fragile GOP unity in the House could be tested, with even a small group of dissenting Republicans having the power to derail the bill’s final passage. The upcoming House vote is likely to be a contentious affair, with intense lobbying from both sides of the aisle as lawmakers grapple with the broader implications of the legislation.

Political analysts warn that the House vote could spark internal GOP conflicts, leading to potential delays or modifications to the bill that could reshape its current form. As the political drama unfolds, the bill has become a litmus test for the GOP’s commitment to Trump’s policy agenda and its willingness to embrace aggressive fiscal changes.

Market Reactions: Boom or Bust?

Financial markets responded swiftly to the news of the bill’s passage in the Senate. U.S. equity futures experienced modest gains, particularly in the energy and defense sectors, which stand to benefit from the bill’s provisions.

However, the cryptocurrency market reacted with caution, dropping approximately 2% as investors assessed the potential long-term impacts of the bill’s fiscal measures. Bitcoin dipped by 1.5%, trading at around $106,222, while Ethereum and Solana faced steeper declines of over 3% and 5%, respectively.

Crypto analyst Alva described the bill as a “massive risk-on pivot,” suggesting that its aggressive tax cuts and military spending could be bullish for markets in the short term. However, concerns about increased deficits, potential inflation, and possible Federal Reserve tightening have injected a note of caution into the markets, with investors carefully monitoring the evolving political landscape.

An Economic Reset in the Making

The “Big Beautiful Bill” represents more than a tax proposal; it is a comprehensive economic restructuring initiative tied directly to Trump’s political legacy and future ambitions. If passed in the House, the bill would signal a decisive shift toward supply-side economics, emphasizing tax cuts and deregulation while significantly reducing the federal government’s role in social welfare.


HokaNews provides global crypto news, analysis, and insights. Covering blockchain technology, DeFi, NFT, and digital finance trends for investors and enthusiasts worldwide.
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Proponents argue that the bill will unleash economic growth, create jobs, and enhance America’s competitiveness on the global stage. They point to the proposed manufacturing incentives as a key driver for revitalizing domestic industries and reducing dependency on foreign supply chains.

Critics, however, warn that the bill will exacerbate income inequality, undermine essential social programs, and contribute to a ballooning national debt that could limit future fiscal flexibility. The rollback of green energy credits is also seen as a setback for America’s efforts to combat climate change, potentially stalling progress in renewable energy sectors.

A Defining Moment for America

As the “Big Beautiful Bill” moves to the House, the stakes could not be higher. The bill has the potential to reshape America’s economic landscape for decades, influencing everything from tax policy and social welfare to climate initiatives and defense spending.

Its passage in the Senate by the narrowest possible margin underscores the deep divisions within American politics and the broader societal debates about the direction of the nation. For Trump, the bill represents a defining policy achievement that could strengthen his position ahead of future elections. For critics, it is a stark warning of the dangers of prioritizing tax cuts for the wealthy over the needs of working families and the nation’s fiscal health.

What Comes Next?

The House vote will determine whether the “Big Beautiful Bill” becomes law or stalls under the weight of political discord. In the coming days, all eyes will be on Capitol Hill as lawmakers debate the bill’s merits, risks, and broader implications for the American people.

The outcome of this legislative battle will have far-reaching consequences, shaping America’s economic trajectory and political climate in ways that will be felt for years to come. Whether it sparks a financial boom or deepens social divisions, one thing is clear: the “Big Beautiful Bill” is no ordinary piece of legislation. It is a political and economic bombshell whose impact will reverberate far beyond the walls of Congress.


Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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