Trump’s ‘One Big Beautiful Bill’ is going to be law. But who gains and who loses most?

US President Trump’s massive second-term bill — combining $4.5 trillion in tax cuts, sweeping welfare rollbacks and big-ticket defence spending — has passed Congress after a narrow vote. The nearly 900-page package reshapes immigration, Medicaid, clean energy and a lot more. Trump’s 'One Big Beautiful Bill' now defines his agenda — but not everyone’s celebrating

Explainers