President Trump triumphantly highlighted tax cuts in the legislation while downplaying cuts to Medicaid and other assistance for poor Americans.

R epublicans in the House of Representatives passed the “One Big Beautiful Bill,” the spending bill containing some of President Donald Trump’s signature policies,

President Donald Trump signs $3.3 trillion tax bill that extends 2017 tax cuts, raises debt limit by $5 trillion, rescinds Biden green energy credits, and adds Medicaid work requirements.

It was a victorious moment for President Trump, signing his tax and spending bill during a White House July 4th celebration. Democrats are poised to highlight the bill in the upcoming midterm elections given its cuts to social safety net programs but Republicans are touting its tax cuts and funding for Trump’s immigration policies.

Washington — President Trump is bringing pomp and circumstance to his signing of the "big, beautiful bill" on Friday, with a 4 p.m. Independence Day ceremony at the White House.

Trump's One Big Beautiful Bill Act created federal work requirements for Medicaid recipients, which amount to 80 hours a month in community engagement activities to maintain eligibility.

Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.