Trump Signs Tax and Spending Cut Bill in Fourth of July Celebration

President Donald Trump signed his package of tax breaks and spending cuts into law on July 4, 2025, in Washington. The legislation, which includes key campaign promises like no tax on tips or Social Security income, was signed at the White House in front of Fourth of July picnickers. Flanked by Republican legislators and Cabinet members, Trump celebrated the legislative victory that he sees as a cornerstone of his second term.

Trump expressed his satisfaction with the legislation, highlighting recent accomplishments such as the bombing campaign against Iran's nuclear program. The bill, which extends Trump's 2017 tax cuts and includes cuts to Medicaid and food stamps, faced criticism from opponents who view it as benefiting the wealthy at the expense of lower-income individuals.

The legislation passed through Congress with mostly Republican support, with critics arguing that it will lead to millions losing health insurance and financial stability. Despite opposition from Democrats, Trump defended the bill and emphasized its positive impact on the country's economy.

As the legislation becomes law, it is expected to be a focal point in the upcoming mid-term elections, with Democrats planning various campaigns to highlight its controversial aspects. Public opinion on the bill remains mixed, with some supporting certain provisions while opposing others.

According to the source: Manila Bulletin.