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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Signs His $3.4 Trillion 'One Big Beautiful Bill' At White House Ceremony

  • President Donald Trump signed his $3.4 trillion budget bill into law, enshrining tax cuts, breaks for tipped workers, and funding for immigration crackdown.
  • The bill includes tax cuts, new breaks for certain groups, and measures to tighten immigration enforcement, emphasizing economic growth.
  • The legislation faced opposition but was passed by Republican leaders, risking political consequences due to proposed cuts in health and nutrition programs.
  • The bill's $4.5 trillion in tax cuts are offset by spending reductions, including the elimination of incentives for renewable power and electric vehicles.

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