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@azfamilyPresident Donald Trump is expected to sign his signature bill of tax and spending cuts at the White House Fourth of July picnic.
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Trump Signs Sweeping $4.5 Trillion Tax and Spending Bill
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President Donald Trump is scheduled to sign a sweeping tax-and-spending package at a Fourth of July ceremony on the White House South Lawn featuring fireworks and a fly-past by B-2 stealth bombers. The event caps a months-long push by the administration to deliver the signature domestic policy victory before the U.S. celebrates its 249th birthday.
The legislation cleared Congress by razor-thin margins. It passed the Republican-controlled Senate earlier this week after Vice President JD Vance broke a 50-50 tie, and won final House approval late Thursday on a 218–214 vote. Trump’s intensive lobbying overcame resistance from several GOP fiscal hawks, while Democrats uniformly opposed the measure.
At nearly 900 pages, the bill makes permanent the 2017 tax cuts and adds roughly $4.5 trillion in new tax breaks, including expanded deductions for tips, overtime and a higher child credit. It also commits billions to border wall construction, 10,000 additional immigration officers and new defense projects, while trimming Medicaid and the Supplemental Nutrition Assistance Program by an estimated $1.2 trillion.
The non-partisan Congressional Budget Office projects the package will widen federal deficits by $3.3 trillion over the next decade and leave 11.8 million more Americans without health insurance. Republican leaders argue the changes will spur investment and usher in what they call a “golden age” for the U.S. economy; Democrats say the plan redistributes wealth upward and undermines the social safety net.
By inking the bill on Independence Day, Trump secures a marquee legislative achievement early in his second term and gives Republicans a rallying point ahead of the 2026 midterms. Democrats plan to make the legislation’s healthcare and food-aid cuts a central campaign issue, setting the stage for an election fight over the nation’s fiscal and social priorities.
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