WASHINGTON, D.C. — US President Donald Trump signed his signature tax and spending bill and concluded a few months of push to codify his biggest policy priorities into the law.
The sweeping bill will spur debate between both Democrats and Trump’s own Republican members for deep cuts to social safety programs, with its tax cuts and spending expected to be added to national debt.
Recent polls also show that many of these provisions are revealed and that Trump is seeking public support for what he calls “one big beautiful bill.”
Still, Trump on Friday was nothing more than a victory lap. A White House signing ceremony was held in line with the Independence Day celebration in Washington, D.C.
The address began on an elevated road from the B-2 Spirit bomber, the same jet used in the US strike in Iran last month.
“In the last two weeks, there has never been anything like that when it comes to victory, victory, victory,” Trump said from the White House balcony.
“I want to tell you that I’ve never seen such happy people in our country, because there are so many different groups of people being cared for.”
He also took a little time to revisit his victory in the 2024 election, reiterating his belief that voters gave him an inclusive iron duties to implement his policy agenda. He signed a bill adjacent to Republicans, including chairman Mike Johnson and representatives Steve Scullies.
“The Americans gave us a historic mission in November,” Trump said. “This is the victory of democracy on the birthday of a democracy.”
Meanwhile, opposition has used the opportunity to once again condemn the bill with Senate top Democrat Chuck Schumer, and once again said that legislation is to “betray” American citizens.
“This bill is not free. This bill is not independent. This bill is betrayal,” Schumer wrote on social media platform X.
A few months of travel
The law represents the most important salvo ever in Trump’s policy blitz. He has relied mostly on more executive orders than Congress’ actions.
His passing of the giant building underscores the president’s deep retention against the Republican Party, which has largely been re-McCree in his likeness since his first term from 2017 to 2021. The party now controls both parliaments.
“One big beautiful bill” is set to add an estimated $3.3 trillion to national debt. This is an increase that could have been once considered a casualty of the party’s fiscal Hawks.
It also strengthens snap eligibility for low-income healthcare programs Medicaid and food assistance programs.
Still, in the end, only three Senate Republicans and two in the House were willing to break free from Trump. In both cases, they left enemies who were not taken away from the votes needed to steal the bill.
On their side, the Democrats were unified in the opposite direction.
In Thursday’s last and mostly iconic effort, House Minority Leader Hakeem Jeffries has embarked on a record-breaking speech to delay voting for the bill.
Over the next 8 hours and 45 minutes, Jeffries slammed Republicans in a hurry to meet Trump’s July 4 deadline, accusing many conservatives of quickly following the bills that publicly expressed discomfort.
“We don’t work for Donald Trump. We do work for Americans,” he said at one point. “That’s why we are standing up here and on the floor of the House of Representatives for the Americans.”
He argued that Republicans will be punished at ballot boxes over the bill during the 2026 midterm elections.
Wide range of bills
The law covers a variety of issues, from immigration to tax reform. For example, it extended the drastic tax cuts passed during Trump’s first term in 2017, representing a total of $4.5 trillion.
Taxpayers can also deduct tips and income from overtime. It also raises the interest paid on loans to buy cars made in the US, as well as real estate tax exemptions. We will also extend the child tax credit.
The administration has welcomed cuts as a victory for working-class Americans, but some analyses have found that wealthy taxpayers are most likely to benefit.
The benefits of low-income taxpayers could be offset by cuts in healthcare and food aid, according to Yale University’s Budget Lab.
According to the nonpartisan Congressional Budget Office, Medicaid cuts have made roughly 11.8 million Americans uninsured over the next decade, with another 4.2 million losing health insurance due to reduced subsidies during the pandemic.
The law also pushes Trump more widely to move away from clean energy towards an influential fossil fuel industry, with the exception of tax incentives for green energy and electric vehicles.
It allocates $170 billion for immigration and border enforcement funds to what the U.S. Immigration Council calls “the biggest investment in detention and deportation in US history.”
Non-partisan analysts say that increased national debt from spending could slow economic growth, raise borrowing costs and crowd other government spending in the coming years.
But on Friday, Trump dismissed the criticism.
“They are [Democrats] We have developed a standard line. That’s dangerous. Everyone is going to die,” Trump said. “It’s actually the opposite. Everyone is going to live.”
“After this begins, our country will become economically rocket ships.”
