One Big Beautiful Bill Act Hits One-Year Mark With $4.2 Trillion Deficit Cloud Over Markets
- July 4, 2026 marked the one-year anniversary of President Trump's "One Big Beautiful Bill Act," with nonpartisan analysts projecting a $4.2 trillion increase in the federal deficit over 10 years, according to widely cited analyses reviewed in anniversary coverage.
- Supporters highlighted tax provisions such as "No Tax on Tips" and "No Tax on Overtime," while critics pointed to millions losing access to SNAP food assistance and Medicaid/ACA coverage due to eligibility changes — fiscal and consumer-spending undercurrents investors are weighing into 2H 2026.
- The law also formally launched the Trump Accounts (IRC §530A) savings program for children born 2025–2028, seeding a parallel retail-investment narrative into the holiday weekend.