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Trump signs tax and spending cut bill at White House July 4 ceremony
- On July 4, President Donald Trump signed the One Big Beautiful Bill Act into law at the White House Fourth of July picnic.
- Months of GOP efforts culminated in the House passing the bill largely along party lines; Senate approval came via Vice President JD Vance's tie-breaker, using reconciliation to meet the July 4 deadline.
- Analysis shows the bill includes $1.2 trillion in Medicaid and SNAP cuts, a $3.3 trillion debt increase, and hiring 10,000 ICE officers, with projections of nearly 12 million more uninsured by 2034.
- Since enactment, over 300,000 Pennsylvanians face losing Medicaid and about 150,000 could lose SNAP benefits, with officials warning millions’ coverage is at risk.
- With midterms approaching, the bill is set to be a key 2026 election issue, expected to challenge the GOP for years as Democrats plan rallies and voter drives, according to statement #72.
652 Articles
652 Articles
Trump signs tax and spending bill: A ruling class celebration of dictatorship and austerity
The White House event Friday reflected the avid support for Trump’s bill in the ruling class, which sees it as a down payment for the shredding of all that remains of the social safety net, including Medicare and Social Security.
US President Trump signed the tax and expenditure law on Independence Day. Trump had pushed forward the proposal he called "big beautiful bill" for months.
He signed the "big, beautiful bill" surrounded by the festive Republicans, at the traditional picnic celebration of July 4 at the White House, while the B-2 fleet, the ones used to bomb Iranian nuclear sites, overwhelmed the skies of Washington. Then he left for a rally in Iowa, where in front of a crowd just as jubilant alluded to a cap of the MAGA, which says "Trump is right about everything," and explained: "It seems a bit presumptuous. But i…
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