WASHINGTON: US President Donald Trump signed his flagship tax and spending bill into law Friday, capping a pomp-laden White House Independence Day ceremony featuring a stealth bomber fly-by.<\/p>\n
\u201cAmerica is winning, winning, winning like never before,\u201d Trump said at the event where he signed the so-called \u201cOne Big Beautiful Bill\u201d flanked by Republican lawmakers.<\/p>\n
The party fell into line and pushed the bill through a reluctant Congress on Thursday, in time for Trump to sign the bill as he had hoped on the Fourth of July holiday marking America\u2019s 249th birthday.<\/p>\n
Two B-2 bombers of the type that recently struck Iranian nuclear sites roared over the White House at the start of the ceremony, accompanied by fighter jets on their wingtips.<\/p>\n
Pilots who carried out the bombing on Iran were among those invited to the White House event.<\/p>\n
The passage of the unpopular bill caps two weeks of significant wins for Trump, including an Iran-Israel ceasefire that was sealed after what he called the \u201cflawless\u201d US air strikes on Iran.<\/p>\n
Ever the showman, Trump melded his various victory laps into one piece of political theater at the ceremony marking 249 years of independence from Britain.<\/p>\n
The sprawling mega-bill honors many of Trump\u2019s campaign promises: extending tax cuts from his first term, boosting military spending and providing massive new funding for Trump\u2019s migrant deportation drive.<\/p>\n
Trump glossed over deep concerns from his own party and voters that it will balloon the national debt, while simultaneously gutting health and welfare support.<\/p>\n
\u201cThe largest spending cut,\u201d Trump said with First Lady Melania Trump at his side, \u201cand yet you won\u2019t even notice it.\u201d<\/p>\n
Trump forced through the \u201cbig beautiful bill\u201d despite deep misgivings in the Republican Party \u2014 and the vocal opposition of his billionaire former ally, Elon Musk.<\/p>\n
It squeezed past a final vote in the House of Representatives 218-214 after Republican Speaker Mike Johnson worked through the night to corral the final group of dissenters.<\/p>\n
Trump thanked Johnson at the White House event.<\/p>\n
The legislation is the latest in a series of big wins for Trump that also included a Supreme Court ruling last week that curbed lone federal judges from blocking his policies, and a NATO deal to increase spending.<\/p>\n
But the bill is expected to pile an extra $3.4 trillion over a decade onto the US deficit.<\/p>\n
At the same time it will shrink the federal food assistance program and force through the largest cuts to the Medicaid health insurance scheme for low-income Americans since its 1960s launch.<\/p>\n
Up to 17 million people could lose their insurance coverage under the bill, according to some estimates. Scores of rural hospitals are expected to close as a result.<\/p>\n
Democrats hope public opposition to the bill will help them flip the House in the 2026 midterm election, pointing to data showing that it represents a huge redistribution of wealth from the poorest Americans to the richest.<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON: US President Donald Trump signed his flagship tax and spending bill into law Friday, capping a pomp-laden White House Independence Day ceremony featuring a stealth bomber fly-by. \u201cAmerica is winning, winning, winning like never before,\u201d Trump said at the event where he signed the so-called \u201cOne Big Beautiful Bill\u201d flanked by Republican lawmakers. The …<\/p>\n","protected":false},"author":4,"featured_media":83317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-83300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=83300"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83300\/revisions"}],"predecessor-version":[{"id":83318,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83300\/revisions\/83318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/83317"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=83300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=83300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=83300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}