Overview

• The House approved the president’s $3.4 trillion “One Big Beautiful Bill” on July 3 after weeks of intensive lobbying by Trump and his allies.
• Trump celebrated the measure’s passage at a rally in Des Moines and scheduled a White House signing ceremony for July 4.
• The package authorizes the largest tax cuts and federal spending reductions in U.S. history while earmarking record resources for border security.
• The nonpartisan Congressional Budget Office projects the bill will add $3.4 trillion to the national debt over coming years.
• It provides billions to accelerate migrant deportations and trims health and food assistance programs, prompting unified Democratic opposition.