Hello Trumphone Subscribers,

We know you expect more than headlines. You want real analysis of what’s happening in America—without the spin.

Today’s topic? A massive, polarizing, and frankly historic piece of legislation that just cleared the U.S. Senate by a razor-thin margin: the “One Big Bill Act” (BBB Act).

Why should you care? Because this bill is a roadmap for America’s future—and its details will hit your paycheck, your taxes, your cost of living, your security, and even the debt we pass on to our kids.

Trumphone is about connection—and that means giving you the tools to connect the dots.

Below, you’ll find:

✅ What is the BBB Act?
✅ Why did it pass?
✅ What’s actually in it?
✅ Who wins? Who loses?
✅ What happens next?
✅ How might it affect you?

We’re laying it out in plain English, with no BS, so you can decide for yourself.

Let’s go.

The BBB Act is a giant legislative package, championed by the Trump administration, that:

It is arguably the single most consequential policy fight of 2025.

✅ May 22, 2025 – The House passes it 215–214.

✅ Senate fight: a month of brutal negotiating.

✅ July 1, 2025 – Senate vote:

Now? It’s headed back to the House because the Senate changed parts of the bill.

This isn’t a “normal” bill.

It’s a mega-bill—the whole Trump policy platform rolled into one.

Supporters call it:

Critics call it:

Even Republicans are split:

Bottom line: this bill defines the 2025 political war.

We’re Trumphone. We’re not doing vague bullet points. We’re giving you the real detail.

Here’s what’s actually in it:

✅ Individual income tax rates stay lower.
✅ Standard deduction stays higher.
✅ Corporate tax rate locked at 21%.
✅ Qualified Business Income (QBI) deduction for pass-throughs (LLCs, S-corps) stays at 23%.
✅ Estate & gift tax exemption set permanently at $15 million per person / $30 million per couple.

Who benefits? High earners, business owners, wealthy estates.

Supporters say: reduces dependency.
Critics say: leaves families behind.

This is classic Trump policy: America first, secure the border.

Supporters say: ending distortions.
Critics say: climate disaster.

Republican leadership says it’s necessary.
Fiscal hawks are furious.

Who wins?

We’re all about real talk. Here’s how the tax changes might hit your wallet:

✅ Individual tax rates → stay low.
✅ Standard deduction → stays high.
✅ Corporate rate → 21%.
✅ QBI deduction → permanent.

✅ Estate & Gift → Exemption at $15m/person.

✅ Child Tax Credit → $2,200 per child (from 2025), inflation-indexed.
✅ Tip Income Exemption → Up to $25k tax-free (2025–2028).
✅ Overtime Exemption → Up to $12.5k tax-free (2025–2028).

✅ Auto Loan Interest Deduction → Up to $10k/year (for American-assembled cars, 2025–2028).
✅ Extra Senior Deduction → Reduces Social Security taxation (65+, 2025–2028).
✅ SALT Cap → $40k (2025–2029).
✅ 100% Bonus Depreciation → Restored.
✅ R&D Credit → Expanded.
✅ Affordable Housing Credit → Expanded.

✅ It’s NOT law yet.

Because the Senate amended it, the bill returns to the House:
1️⃣ Conference Committee reconciles differences.
2️⃣ Final text goes back to both chambers.
3️⃣ President Trump’s signature needed.

Trump has called the BBB Act “the best bill America’s seen in decades.”
If it gets to him, he’ll sign it.

But don’t forget:
✅ The House margin in May? Just one vote.
✅ Any defections could kill it.

Republicans hope to finish by July 4th—a symbolic deadline. But that’s tight.

✅ Winners:

✅ Losers:

This isn’t just policy.

It’s about America’s direction:

It’s also about 2026 midterms. Both parties will run on this.

We’re not telling you how to vote.

We’re telling you pay attention.

This bill is historic. It will touch every American in some way.

✅ Taxes.
✅ Cost of living.
✅ National debt.
✅ Welfare.
✅ Energy.
✅ Security.

We’ll be watching every vote and negotiation.

When the final text is ready? We’ll break it down.

We don’t do clickbait. We do straight talk.

If you want to keep getting real, no-spin briefings on what’s happening in Washington, in the markets, and in the tech that connects us:

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We’re here so Americans—whatever side you’re on—aren’t in the dark.

Thank you for reading.

The Trumphone Team