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  • 7/5/2025
Trump signs tax cut, spending bill at July 4 White House gathering

US President Donald Trump signs into law a massive package of tax and spending cuts in a ceremony at the White House on July 4, 2025, one day after the Republican-controlled House of Representatives narrowly approved the signature legislation of Trump's second term. The bill, which will fund Trump's immigration crackdown, make his 2017 tax cuts permanent, and is expected to knock millions of Americans off health insurance, was passed with a 218-214 vote after an emotional debate on the House floor. The bill's passage amounts to a big win for Trump and his Republican allies, who have argued it will boost economic growth, while largely dismissing a nonpartisan analysis predicting it will add more than $3 trillion to the nation's $36.2 trillion debt.

VIDEO BY U.S. NETWORK POOL / REUTERS

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Transcript
00:00done is put everything into one bill it's never happened before it's the biggest bill of its type
00:05in history we've never had anything like that before nothing like that they thought would be
00:10possible to get passed and actually i liked it because we had so much in there that no matter
00:16who you are there was something in that bill that would make your congressman or your senator
00:21or your congresswoman much more importantly raise their hand and support right they've developed and
00:27this is according to the news media they've developed a standard line and we can't let
00:32them get away with it oh it's dangerous oh everybody's going to die it's actually just
00:38the opposite everybody's going to live this is just the opposite and i just want you to know if
00:44you see anything negative put out by democrats it's all a con job
00:48that was a good one
01:07this is the gavel we use to enact the big beautiful bill and i want you to have that
01:23for your
01:25oh
01:29are we ready
01:30we're ready
01:31we are ready
01:33yeah
01:37yeah
01:39yeah
01:41yeah
01:43yeah
01:45yeah
01:46yeah
01:47yeah
01:48yeah
01:49yeah
01:50yeah
01:51yeah
01:52yeah
01:54yeah
02:17yeah

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