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Trump signs tax and spending cut bill at White House July 4 ceremony

WASHINGTON, D.C., JUL 4 – The bill permanently extends Trump-era tax cuts, cuts Medicaid and SNAP funding, and adds over $3 trillion to the national debt, amid narrow congressional approval and partisan opposition.

  • President Trump signed the One Big Beautiful Bill Act, which makes the 2017 tax cuts permanent, expands certain tax credits/deductions, and creates tax breaks on tips and overtime.
  • The bill boosts defense and border wall funding, and offsets costs by reforming Medicaid, SNAP, and clean energy incentives, leaving millions without health coverage or food assistance.
  • It also eliminates popular student loan repayment plans, ends the Graduate PLUS loan program, caps Parent PLUS loans, and removes deferment for financial hardship.
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cvilletomorrow.org broke the news in on Thursday, July 3, 2025.
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