US President Donald Trump is set to sign a landmark tax and spending bill into law today at a White House ceremony, coinciding with 4 July Independence Day celebrations. The 870-page legislation, narrowly passed by Congress on Thursday, delivers key elements of Trump’s agenda, including tax cuts, increased defence spending, and a crackdown on immigration.
The bill’s passage, marked by tense negotiations and Republican infighting, was secured with a 218-214 vote in the House, despite opposition from two Republicans and all 212 Democrats. In the Senate, Vice-President JD Vance cast a tiebreaking vote to overcome resistance from three Republicans. House Minority Leader Hakeem Jeffries delayed the vote with a nearly nine-hour speech, condemning the bill as an “assault on the healthcare of the American people.”
**Key Provisions of the Bill:**
- Extends Trump’s 2017 tax cuts and introduces new tax breaks on tipped income, overtime, and Social Security.
- Allocates $150 billion for defence and $100 billion for Immigration and Customs Enforcement (ICE).
- Cuts Medicaid spending, potentially affecting 12 million low-income, elderly, and disabled Americans over the next decade, and reduces subsidies for the Supplemental Nutrition Assistance Program (SNAP).
- Scales back Biden-era clean energy tax credits.
Speaking at an Iowa rally on Thursday, Trump hailed the bill as a “phenomenal victory” that would deliver “the strongest border, economy, and military on Earth.” However, public support remains low, with a Quinnipiac University poll showing only 29% approval, though two-thirds of Republicans back the legislation.
Critics, including Democrats and some Republicans, warn of rising national debt, with the Congressional Budget Office projecting a sharp increase in the budget deficit after an initial surplus. The Tax Policy Center notes that 60% of the tax benefits will go to those earning over $217,000 (£158,000). Affected Americans, like Jordan, a father of two reliant on SNAP, expressed concerns about potential cuts, vowing to take a second job to support his family.
The signing ceremony will precede 4 July festivities, including a military picnic and fireworks, as Trump celebrates a major legislative win amidst ongoing debates about its long-term economic and social impact.
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