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Trump Signs ‘Big, Beautiful Bill’ to Cement Tax Cuts, Slash Welfare

Congress’s 218–214 approval on July 2 transformed the president’s festive signing into a law with deep fiscal and welfare impacts.

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Overview

  • The law permanently enshrines President Trump’s 2017 tax cuts, doubling estate and business exemptions and extending credits to service workers.
  • It shifts Supplemental Nutrition Assistance Program costs to states and imposes new work requirements on Medicaid recipients, threatening benefits for millions.
  • Tens of billions of dollars are allocated for U.S.–Mexico border wall construction and expanded enforcement resources.
  • The Congressional Budget Office projects the law will add $3.3 trillion to the federal deficit and could leave up to 12 million Americans uninsured.
  • A Kaiser Family Foundation poll finds 64 percent of Americans oppose the law and some Republican senators express regret, fueling Democratic hopes for midterm gains.