Express
Trump Signs 'Big and Beautiful' Tax and Spending Bill
Summary: In breaking news, US President Trump signed the 'Big and Beautiful' tax and spending bill on the afternoon of the 4th, marking the controversial bill officially becoming law. The bill narrowly passed in the US House of Representatives on the 3rd, and Trump turned the signing ceremony into part of the US Independence Day celebration ...
In breaking news, US President Trump signed the 'Big and Beautiful' tax and spending bill on the afternoon of the 4th, marking the controversial bill officially becoming law. The bill narrowly passed in the US House of Representatives on the 3rd, and Trump turned the signing ceremony into part of the US Independence Day celebration as he wished. Before the signing ceremony, Trump gave a speech explaining once again why this bill is 'big and beautiful,' and praised the efforts of Senate Majority Leader John Thune and House Speaker Mike Johnson. This bill reflects Trump's key governing agenda, including tax cuts, cuts to healthcare and nutrition assistance program spending, and increased military and border security spending. There is serious disagreement among lawmakers from both parties in Congress regarding this bill. In the House vote on the 3rd, all Democratic lawmakers and two Republican lawmakers voted against it. US media believe that this bill will increase the already high US fiscal deficit by about $3.3 trillion over the next decade, while tens of millions of Americans will lose healthcare and food subsidies.
