Trump Signs Big, Beautiful Bill: Sweeping Tax Cuts and Spending Package Enacted Amid Controversy

President Donald Trump signed his sweeping tax cut and spending package into law during a Fourth of July ceremony, dubbing it the “big, beautiful bill.” The event, held alongside a military picnic, featured an armed forces flyover and was attended by Republican lawmakers, including House Speaker Mike Johnson and Majority Leader Steve Scalise. Trump highlighted the permanence of the Trump tax cuts, claiming it as the largest in U.S. history and predicting economic growth. The bill, passed by the Senate 51-50 and the House 218-214, includes extensions of previous tax cuts, temporary tax slashes on tips and overtime, and deductions on auto loan interest. It also allocates significant funds for military and deportation plans, offset by cuts to Medicaid, SNAP, and clean energy funding. Despite projections of a $3.3 trillion increase in national debt and potential loss of health insurance for 11.8 million people, Trump remains optimistic about the bill’s impact. However, recent polls indicate widespread opposition, with 53% of registered voters against it. Democrats, led by House Minority Leader Hakeem Jeffries, vow to oppose the bill, viewing it as harmful to Americans. Even within the GOP, there are discussions about potential changes to the legislation.

Related: U.S. Army Ends Ceremonial Horse Programs to Enhance Warfighting Capabilities