Congress passes Trump's 'big, beautiful bill' cutting taxes and spending

Published: 7/3/2025
Congress passes Trump's 'big, beautiful bill' cutting taxes and spending
Congress passes Trump's 'big, beautiful bill' cutting taxes and spending in a significant win for the president's domestic agenda. The bill, set to be signed into law by Trump on July 4th, faces estimates projecting an addition of $3.3tn to federal deficits over 10 years. The legislation includes cuts to food benefits and health care, permanent tax cuts from 2017, and increased spending on border security and military, amid Democratic criticism for its impacts on health care and subsidies.