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Home » Trump enacts major tax cuts, hailing victory for all Americans

Trump enacts major tax cuts, hailing victory for all Americans

Lucas Huang by Lucas Huang
July 5, 2025
in News
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Trump Enacts Landmark Tax Cut and Spending Legislation
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President Trump’s Grand Signing Ceremony for Major Tax and Spending Bill

Washington, D.C. – July 4, 2025

In a ceremonial event on the White House’s South Lawn, President Donald Trump officially signed a comprehensive tax and spending legislation dubbed the “One Big Beautiful Bill Act.” This moment marked a significant achievement in Trump’s second term, following a narrow passage in the Republican-majority House of Representatives.

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The newly enacted bill aims to fund Trump’s immigration policies, make the tax cuts introduced in 2017 permanent, and is projected to result in millions of Americans losing their health insurance. It was approved by a slim margin of 218-214 amidst passionate debate on the House floor.

“I haven’t seen this much happiness in our country because we are supporting so many diverse groups: the military, civilians from all walks of life, and a variety of jobs,” Trump expressed during the ceremony, extending gratitude to House Speaker Mike Johnson and Senate Majority Leader John Thune for their leadership in navigating the bill through Congress.

“This represents the largest tax cut, the biggest spending reduction, and the greatest investment in border security in U.S. history,” Trump stated confidently.

To commemorate Independence Day, the ceremony featured a dramatic flyover of military stealth bombers and fighter jets, reminiscent of recent U.S. operations against nuclear sites in Iran. The event saw hundreds of attendees, including White House staff, congressional members, and military families, all gathered to support Trump.

The bill’s approval signifies a significant victory for Trump and his Republican colleagues, who argue that it will stimulate economic growth, despite concerns from a nonpartisan review forecasting it would increase the national debt by over $3 trillion, now standing at $36.2 trillion.

While concerns regarding the bill’s financial implications and its potential effects on healthcare programs were raised within Trump’s own party, only two of about 220 Republican representatives voted against it, aligning with all 212 Democrats.

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The intense discussions surrounding the bill included an unprecedented eight-hour and 46-minute address from House Democratic Leader Hakeem Jeffries, who criticized the legislation as a windfall for the wealthy, warning that it would deprive low-income Americans of essential health insurance and food assistance.


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Tags: HealthcarelegislationRepublicanstax cutsTrumpWhite House
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Lucas Huang

Lucas Huang

Singaporean tech writer and digital strategist passionate about smart city innovations. Off the clock, he’s either hunting for the best Hainanese chicken rice or cycling through Marina Bay at dusk.

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