Washington, July 5, 2025 – The Europe Today: President Donald Trump signed into law a sweeping package of tax breaks and spending cuts on Friday during a patriotic Fourth of July celebration at the White House. The legislation, considered a centerpiece of his domestic agenda, could define his second-term legacy and comes after a months-long Republican-led push in Congress.
Surrounded by Cabinet members and Republican lawmakers, President Trump signed the multi-trillion-dollar bill on the White House driveway, marking the moment by striking a ceremonial gavel presented by House Speaker Mike Johnson. Fighter jets and stealth bombers flew overhead as the President addressed picnickers gathered for Independence Day festivities, declaring, “America’s winning, winning, winning like never before.”
The legislation extends Trump’s 2017 tax cuts, eliminates taxes on tips and Social Security income, slashes funding for Medicaid and food assistance programs by $1.2 trillion, and allocates substantial resources toward immigration enforcement. It passed both chambers of Congress largely along party lines, with the Senate approving it by a single vote, thanks to a tie-breaking vote by Vice President J.D. Vance.
“This bill delivers on our promises,” Trump asserted, referring to the economic impact he expects. “Our country is going to be a rocket ship, economically.”
However, critics have strongly condemned the legislation, arguing that it favors the wealthy at the expense of working-class Americans. AFL-CIO President Liz Shuler called it “the worst job-killing bill in American history,” saying it would deprive 17 million workers of healthcare and channel $5 trillion in tax benefits to the ultra-rich.
The Congressional Budget Office estimates that the bill will add $3.3 trillion to the federal deficit over the next decade and leave nearly 12 million more Americans without health insurance. Democrats, united in opposition, pledged to make the legislation a key issue in the upcoming midterm elections.
“This was a full betrayal of the American people,” said Democratic National Committee Chair Ken Martin, vowing to mobilize voters through rallies, bus tours, and advertising campaigns. “Trump’s signature on this bill sealed the fate of the Republican Party as the party of billionaires and special interests.”
President Trump dismissed Democratic criticisms, claiming their opposition stemmed from “hatred” of him or the country. “It’s all a con job,” he said. “With this bill, everybody’s going to live.”
Public reaction to the legislation has been mixed. A recent Washington Post/Ipsos poll found support for eliminating taxes on tips and enhancing the child tax credit but noted broad opposition to cuts in food assistance and the projected increase to the national debt, which now exceeds $36 trillion.
Despite its controversy, the bill stands as the most significant legislative win of Trump’s second term so far. As he left the podium on Friday, he basked in the moment, buoyed by military flyovers, patriotic fanfare, and what he called “a great victory for the American people.”
