The One Big Beautiful Bill Act has sparked significant debate as it introduces a series of sweeping tax changes expected to impact a wide range of individuals and businesses. New rules govern deductions for charitable contributions, potentially altering the landscape of philanthropic giving. There are concerns about how different sectors will be affected, particularly nonprofits and small businesses. While proponents celebrate benefits for hardworking families and potential tax reductions for various classes, critics argue that the changes disproportionately favor wealthy individuals and big businesses, raising questions about equity and long-term implications. Key discussions are unfolding around how these tax modifications will play out in the coming years and their broader effects on the economy and society.