President Trump triumphantly highlighted tax cuts in the legislation while downplaying cuts to Medicaid and other assistance for poor Americans.

President Donald Trump signs $3.3 trillion tax bill that extends 2017 tax cuts, raises debt limit by $5 trillion, rescinds Biden green energy credits, and adds Medicaid work requirements.

It was a victorious moment for President Trump, signing his tax and spending bill during a White House July 4th celebration. Democrats are poised to highlight the bill in the upcoming midterm elections given its cuts to social safety net programs but Republicans are touting its tax cuts and funding for Trump’s immigration policies.

President Trump signed a sweeping domestic policy bill into law on Friday, cementing a major political victory that was timed to take place during Independence Day celebrations. The government recently has ramped up immigration enforcement efforts in Iowa, a state that produces corn, soybeans, and pork.

An earlier version of this article incorrectly stated that the One Big Beautiful Bill, signed into law on July 4, 2025, includes a provision that limits Section 8 housing assistance to two years for able-bodied adults.

President Donald Trump signed his mammoth domestic policy bill into law, securing a major legislative win by his July Fourth target date.

Caroline Kitchener, reporter for The New York Times, talks to Bianna Golodryga about Trump’s bill stripping away all Medicaid funding for large health care providers that also provide abortion services.