Trump signs 'One Big Beautiful Bill' into law on Independence Day
The 'One Big Beautiful Bill', which will fund the president's immigration crackdown, make his 2017 tax cuts permanent and may do away with the health insurance benefits of millions of Americans, was signed a day after the Republican-controlled House of Representatives approved the piece of legislation.
A package of tax and spending cuts was signed into law yesterday by President Donald Trump at a ceremony to celebrate Independence Day. The 'One Big Beautiful Bill', which will fund immigration crackdown, make the 2017 tax cuts permanent and may do away with the health insurance benefits of millions of Americans, was signed a day after the House of Representatives approved the legislation.
The legislation contains about $4.5 trillion in tax cuts.
"I've never seen people so happy in our country because of that, because so many different groups of people are being taken care of: the military, civilians of all types, jobs of all types," Trump said at the ceremony.
"So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history," Trump was quoted as saying by global newswires.
In a long speech, House Democratic leader Hakeem Jeffries termed the bill a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits.
The law would cost Republicans votes in congressional elections in 2026, Democratic national committee chair Ken Martin predicted.
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