President Donald Trump signed his “One Big, Beautiful Bill” into law during the July 4th picnic on the White House grounds, enacting a sweeping multitrillion-dollar legislative package that reflects the core of his policy agenda. The measure passed with near-unanimous Republican support in both chambers of Congress following months of negotiations and intense pressure from the president and GOP leadership.
The legislation extends Trump’s 2017 tax cuts and boosts funding for immigration enforcement and national defense. To balance the increased spending, the bill imposes substantial reductions to domestic programs, slashing Medicaid and food assistance by $1.2 trillion and cutting billions from federal higher education funding. According to estimates from the Congressional Budget Office, the bill will increase the national deficit by $3.3 trillion over the next decade and result in 11.8 million additional people losing health coverage.
Despite internal dissent and unanimous Democratic opposition, Trump succeeded in pushing the massive reconciliation bill through Congress in time for the July 4th deadline.