Trump Signs ‘One Big Beautiful Bill’ With Sweeping Tax, Spending Cuts Into Law
US President Donald Trump signed a massive package of tax and spending cuts into law on Friday, marking a significant legislative victory for his administration during a grand July 4th celebration at the White House. The legislation, which Trump has dubbed the “One Big Beautiful Bill,” narrowly passed the House of Representatives a day earlier.
“I’ve never seen people so happy in our country,” Trump said at the signing ceremony on the South Lawn, which featured military flyovers by jets that recently took part in US strikes on Iran. He claimed the bill delivers the “biggest tax cut, the biggest spending cut, the largest border security investment in American history.”
The bill, which passed by a slim 218-214 margin in the Republican-controlled House, makes the 2017 tax cuts permanent, enacts broad spending cuts across various federal agencies, and authorizes a $350 billion border and national security plan. This includes $46 billion to expand the US-Mexico border wall and funds to hire 10,000 new immigration enforcement officers.
The signing is a major political win for Trump and his Republican allies, who argue the package will stimulate economic growth. However, the legislation has faced fierce opposition from Democrats and has raised concerns among economists.
A nonpartisan analysis projects the plan will add more than $3 trillion to the United States’ already staggering $36.2 trillion national debt. Critics also warn that the spending cuts could lead to millions of Americans losing their health insurance coverage.
The deep political divide over the bill was evident during the heated House debate, where Democratic Leader Hakeem Jeffries delivered a marathon floor speech lasting eight hours and 46 minutes, denouncing the legislation as a massive giveaway to the wealthy at the expense of working-class families and the poor.
Despite some concerns from within the Republican party over the bill’s high cost, only two of the 220 House Republicans voted against it, highlighting strong party unity behind the President’s agenda.
