The recently passed House Republican tax bill, often referred to as Trump’s ‘Big, Beautiful Bill,’ has reignited debates about its implications for economic inequality in America. Critics argue that the legislation facilitates what could be the largest upward transfer of wealth in American history, favoring the extremely wealthy while disproportionately affecting low-income families. Analysts have voiced concerns that the bill could lead to significant cuts in Medicare and Medicaid, ultimately risking the financial security of millions of Americans. With reports indicating that the bill may cost more than extending previous tax cuts while failing to deliver meaningful benefits to working families, lawmakers from various states have expressed their disapproval. The Congressional Budget Office (CBO) has stated that the bill could slash over $500 billion from Medicare, heightening fears among healthcare advocates. As debates continue, many are left wondering how these fiscal changes will impact their personal finances and the broader economy.