Congressional Republicans are looking to take a second bite of the apple with a ‘big, beautiful bill’ 2.0 in the fall, but fiscal hawks are skeptical that a second bill would provide the steep cuts they are looking for.

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.

Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful Bill Act (OBBB), signed into law on July 4 after squeaking through Congress.

But the ugly new law is one of the least popular acts ever.

The “big, beautiful bill” is heading to President Trump’s desk. House Republicans passed the core of Trump’s domestic policy agenda Thursday afternoon — including sweeping tax cuts, a crackdown on

President Donald Trump signed his mammoth domestic policy bill into law, securing a major legislative win by his July Fourth target date.