White House Budget Bill Gets Final Approval, President Will Sign On 4th Of July

Thursday, July 3 2025

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AP Photo/J. Scott Applewhite
The measure will cut taxes by $3.7 trillion but also increase deficits

House Republicans lifted President Donald Trump’s $4.5 trillion tax breaks and spending cuts bill to final passage Thursday, overcoming multiple setbacks to approve his signature second-term policy package before a self-imposed Fourth of July deadline.

The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats opposed. GOP leaders worked overnight and the president himself leaned on a handful of skeptics to drop their opposition and send the bill to his desk to become law.

The outcome delivers a milestone for the president and his party, a longshot effort to compile a lengthy list of GOP priorities into what they called his “one big beautiful bill,” an 800-plus page package. With Democrats unified in opposition, the bill will become a defining measure of Trump’s return to the White House, with the sweep of Republican control of Congress.

Here's the latest:

Trump to sign bill Friday evening 

White House press secretary Karoline Leavitt told reporters that Trump plans to sign his big tax breaks and spending cuts bill at 5 p.m. on Friday.

The Fourth of July signing ceremony will come as the White House is scheduled to hold a picnic to mark the holiday.

Treasury Secretary says bill passage sets stage for ‘coming Golden Age’

Treasury Secretary Scott Bessent said in an emailed statement that the passage of Republicans’ mega tax bill “has set the stage for the coming Golden Age as we prepare to celebrate the 250th year of our great nation.”

Thanking President Donald Trump and Congressional Republicans, Bessent said the GOP wing has “passed the biggest legislative win for American workers and families.”

Democrats accuse Republicans of passing a bill that will rip health care and food assistance away from millions of working poor, seniors and veterans around the country.

House Speaker Mike Johnson made the GOP’s closing arguments as the chamber prepared to take up President Trump’s tax and spending cut bill.

“For everyday Americans, this means real, positive change that they can feel,” Johnson said of the bill.

At another point, he asked colleagues: “Are you tired of winning yet?”

“No,” they roared back.

Jeffries concludes speech after 8 hours 44 minutes 

House Minority Leader Hakeem Jeffries has concluded his record floor speech that including everything from highlighting everyday Americans to mocking President Donald Trump and promising to make his “Big Beautiful Bill” a centerpiece of the upcoming midterm elections.

Jeffries repeatedly assailed the measure as “an all-out assault” on the nation’s values, hard-working Americans, labor unions and “law abiding immigrant families.”

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