The 'One Big Beautiful Bill Act,' signed by President Trump, is predicted to implement significant economic changes including tax breaks and increased funding for deportations, effective retroactively from January 1, 2025.
"President Trump signed the One Big Beautiful Bill Act into law. This big bill will bring some big changes to our economy, starting with some big tax breaks, to big funding for certain things like more deportations. And the reason why you want to pay attention to this bill is because it goes into effect retroactively. It goes into effect January 1, 2025."
