In a dramatic Independence Day event, U.S. President Donald Trump signed the “Big Beautiful Bill” into law under the roaring flyover of B-2 bombers that had recently struck Iran. The sweeping, nearly 900-page legislation brings historic tax cuts, border security boosts, and military spending — while projecting a $3.3 trillion rise in national debt over the next decade. Passed narrowly in the House after tense overnight negotiations, the bill extends Trump-era tax breaks, slashes taxes on tips and overtime, and allocates billions for deportations and wall construction. To balance the cost, it sharply cuts Medicaid, food stamps, and clean-energy funding. Trump hailed the law as “rocket fuel” for the economy, declaring America is entering its “golden age.” Critics, however, warn of deep economic inequities and long-term fiscal consequences. The bill’s passage signals Trump's aggressive legislative push ahead of America250 in 2026.
