Trumps tariffs Big, Beautiful Bill Sounds Great
Jaspreet Singh, founder of Minority Mindset and a popular financial educator on YouTube, is known for his straight-shooting advice. And he’s not holding back on what he really thinks about Trump’s proposed One Big Beautiful Bill Act—a sweeping tax and spending plan that’s sparking some serious debate.
“The White House says this bill will supercharge the economy,” Singh told his followers. “But others, like Elon Musk, think it’s going to do the exact opposite.”
Singh isn’t interested in the political drama—he’s focused on the dollars and cents. Here’s what he says everyday Americans need to know.
What’s Actually in the Bill? Some Big Tax Shakeups
According to Singh, the bill includes several changes to the federal tax code—both for individuals and corporations. Here’s a quick breakdown:
- Standard deduction goes up for everyone
- New senior deduction for folks over 65 earning up to $175,000 (single) or $350,000 (joint)
- New tax brackets with adjusted income thresholds and rates
- Tip income tax deduction for single filers earning under $150K ($300K for couples)
- $1,000 “baby bonus” for each child born to U.S. citizens between Jan. 1, 2025, and Dec. 31, 2028
Singh says the bill could lower taxes for a wide range of Americans.
“No matter how much you make—under $50,000 or more—you’ll qualify for a bigger standard deduction,” he explained. That means simpler tax filing for many, without needing to itemize everything.
He adds, “If you’re earning over $50,000 a year, chances are, you’ll pay less in income taxes.”
More Babies, More Spending—And More Stock Market Gains
That $1,000 baby bonus isn’t just a nice perk for parents. It’s meant to encourage more births, and if that works, it could fuel a spending boom in industries like childcare, diapers, and baby food.
Raising a baby costs over $20,000 in just the first year, according to BabyCenter.com. More babies = more money flowing into the economy.
But the bill doesn’t stop there. It also includes a massive $150 billion boost in defense spending—something investors should definitely take note of.
Why? Because that spending helps power sectors like:
- Defense contractors
- Semiconductor makers
- Raw materials and metals
- Tech development firms
“There’s going to be new opportunities for investors as government money starts flowing into these areas,” Singh said.
Here’s the Part Most People Mis
But Singh also pulled out a red flag from Congressional Budget Office projections. All this tax-cutting and extra spending? It’s going to add about $3 trillion to the national debt over the next 10 years, he warned.
“When the government spends money it doesn’t have, that creates inflation,” Singh said.
That means higher prices on groceries, gas, rent—basically everything. But inflation also tends to lift stock prices, real estate values, and other assets. So while the average American might feel the pinch, investors could come out ahead.
“This bill is going to benefit some people more than others,” Singh concluded.
Bottom Line: Trump’s “Big Beautiful Bill” might give many Americans a tax break, but it could also quietly drive up national debt and inflation. Singh’s advice? Be informed, watch the trends—and if you’re an investor, look out for new opportunities.