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President Donald Trump on Friday signed his $ 3.3 trillion “Big, Beautiful Bill”, when the House on Thursday ensured to pass the final version of the measurement to ensure that it arrived at the President’s desk from the July 4 deadline.
The bills include major provisions that will permanently establish individual and commercial tax brakes included in Trump’s 2017 Tax Cuts and Jobs Act, and include new tax deductions to cut duties on tips and overtime.
Before signing the bill, the President said that the bill “will promote economic development on a large scale” and “pick up the hard working citizens who run this country.”
“We have officially made Trump tax cut permanent,” Trump said. “This is the biggest tax cut in our country’s history. … After this kick, our country is going to be a rocket ship economically. We have not taxed on suggestions, no tax on overtime, and there is no tax on social security for our great superiors. It makes the credit for 40 million American families permanent. It is the golden age of America.”
This remedy also increases the debt range by $ 5 trillion – a provision that has faced an inquiry from data from data including SpaceX and Tesla CEO Elone Musk, who led the war against the expenses of the useless government in the government’s efficiency department in the past.
In addition, the bill cancels some biden-era Green Energy Tax Credit, and allocates about $ 350 billion for defense and to take out Trump’s collective exile initiative to exclude illegal migrants from America
“Wind. It doesn’t work,” said Trump. “I will tell you, apart from ruining our fields and our valleys, killing all birds, [and] Very weak and very expensive, [they are] All were built in China. You know, I have seen something … with all the windmills that China sends us … I have never seen a wind farm in China. ,
JD VANC
President Donald Trump signed an executive order on Thursday, 30 January 2025 at the Oval office of the White House in Washington, DC, US. (Bonnie Cash/UPI/Bloomberg through Getty Image)
This remedy also addresses the medicade reforms, including the new 80-hour-mana functions for the medicid recipients, and the supplementary nutrition aid program, or expands the work requirements for those on SNAP.
Republican was sent to the Senate for improvement on 26 June and the measure was passed before Trump’s 4 July deadline after Senate MP Elizabeth McDono, determining that many medicid reforms in comprehensive tax and domestic policy package did not follow the rules of the Senate and should be removed.
Finally, the Senate on Tuesday passed the remedy by a margin of 51–50. Republican sensor. Main’s Susan Colins, North Carolina’s Thom Tilis, and Kentaki’s Rand Paul voted against the bill, which required Vice President JD Vance to step into a steps and cast tie-breaking votes.
Tax deduction, work requirements and asylum fees: What is inside the Senate version of Trump’s Bill here
Sen. Thom Tilis, RNC, Federal Reserve Chairman Zerome Powell should question Jerome Powell during the Senate Banking, Housing and Urban Affairs Committee, which hearing on Wednesday, June 25, 2025 at the Durkesen Building on Wednesday, 25 June 2025 under the title “Half -Monthological Policy Report for Congress”. (Tom Williams/CQ-Roll Call, Ink Getty Image)
The law then returned to the House to take out some differences in versions passed in both the Congress chambers.
Before the House was passed on Wednesday evening, Vance increased the border security by citing provisions in this measure to measure the heat on MPs through a finish line.
“The big beautiful bill gives the President the power to undo resources and the biden border invasion,” Vance said in a post on X on Wednesday. “It has to be passed.”
“Congratulations to everyone. Many times I also suspected that we will do it by 4 July! But now we have given necessary resources to secure large tax deduction and boundary. Promises made promises, promises have been made!”
Trump also reduced the measurement limit provisions, when he urged the MPs to complete the law on the “one, big, beautiful event” at the White House on 26 June, with the bill to be labeled a single-one-one piece of border law to “cross the Congress floor.”
Trump said, “This is the final codification of our agenda – very easily, a phrase that has been used very well by me in the last 10 years, but perhaps before – make the US great again,” Trump said in the event.
Officials of other administration also warned that the failure to pass the bill would wreak havoc on the economy. For example, the Management and Budget Director of the White House Russell Watt told the MPs in June that the failure to pass the measure would result in a 60% tax increase for Americans and trigger a recession.
After marathon vote-e-Ram, Senate passes Trump’s ‘Big, Beautiful Bill’
House Minority Leaders speak during a news conference in Washington on Thursday, March 6, 2025 during a news conference in Washington, during a news conference in Washington. (AP Photo/J. Scott Applewhite)
Meanwhile, no democrats supported this remedy in the Congress Chamber. The House Minority Leader Hakim Jeffrees, DN
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Jeffrees said, “The contemplation that has been done in this big, ugly bill is wrong. It is dangerous, and it is cruel, and cruelty should not be either objective or law results, which we consider here in the United States’s House of Representatives,” Jeffrees said.
Fox News Liz Elkind contributed to this report.