$3.4 Trillion Debt to Rise as Trump led Big Beautiful Bill Clears Congress:President Donald Trump clinches a major legislative win as Congress passes his sweeping domestic policy bill by a narrow 218–214 vote. The $4.5 trillion package delivers major tax cuts and military funding, but is expected to raise US debt by $3.4 trillion over a decade. It includes large-scale spending cuts to Medicaid and food assistance, triggering intense debate. The bill will be signed on July 4th with a White House ceremony and military flyover.
$3.4 Trillion Debt to Rise as Trump led Big Beautiful Bill Clears Congress: Tax Cuts, Military Boost & Welfare Cuts Included
In a significant development on the eve of America’s Independence Day, US President Donald Trump has secured a major legislative victory as Congress cleared his much-hyped “big beautiful bill” after a lengthy and contentious debate. The bill narrowly passed the House of Representatives with a final vote tally of 218 to 214, marking one of the most consequential policy achievements of Trump’s second term.
President Trump celebrated the bill’s passage by declaring it would “supercharge the US economy into a rocket ship.” He emphasized the transformative nature of the legislation, stating, “We’re sort of celebrating like the biggest bill of its kind ever signed, and it’s going to make this country into a rocket ship. It’s going to be really great.”
The White House confirmed that the signing ceremony is set for Friday, July 4th, aligning with the Independence Day holiday. The celebration at the White House will be marked by a military flyover, further underscoring the administration’s patriotic framing of the legislation.
The road to passage was far from smooth. A small group of Republican opponents had initially resisted the bill, but eventually came into alignment after House Speaker Mike Johnson led intensive negotiations, reportedly working overnight to secure votes. In the final hours, Democratic House leader Hakeem Jeffries mounted a dramatic effort to delay the vote, speaking for nearly nine hours in opposition. His marathon floor speech set a new record for the longest ever delivered by a House leader, invoking his prerogative for unlimited debate. “Until victory is won, I yield back. I can’t,” he concluded.
The bill had already passed the Senate earlier in the week by a similarly narrow margin. It is a sprawling, multi-trillion dollar package that touches nearly every corner of domestic policy. It includes a $4.5 trillion extension of tax relief measures first introduced during Trump’s previous term, increased military spending, and large-scale funding for a migrant deportation drive—honoring key campaign promises made by the President.
However, the bill comes with significant trade-offs. According to estimates, it will add approximately $3.4 trillion to the national deficit over the next decade. At the same time, it enacts the largest cuts in history to Medicaid, the federal health insurance program for low-income Americans, and significantly shrinks the federal food assistance program. These provisions have drawn strong criticism from Democrats and social policy advocates, who argue the bill could disproportionately hurt vulnerable populations and widen income inequality.
Still, supporters of the bill argue that its tax incentives and deep spending cuts will stimulate economic growth and potentially reduce the deficit over the long term. House Republicans have framed the legislation as a game-changing policy shift that will reshape America’s fiscal future and strengthen national security.
This legislative triumph follows a series of high-profile wins for President Trump in recent weeks. The Supreme Court delivered a favorable ruling that curbed the power of lone federal judges to block administration policies. Additionally, US-led airstrikes helped secure a ceasefire agreement between Israel and Iran, further enhancing the President’s image as a strong leader on both domestic and foreign fronts.
Journalists reported from NYC noted the breadth and ambition of the package. “The sweeping package includes deep spending cuts and tax breaks for families as well as businesses, and new restrictions on social safety net programs like Medicaid and food stamps,” They said. “Supporters argue that it will reduce the deficit over time while boosting economic growth, while critics argue that it may hurt vulnerable Americans and widen inequality.”
As America prepares to celebrate its independence, President Trump is set to mark July 4th with a bill signing that may well define the legacy of his second term. The “big beautiful bill,” as he calls it, stands as a bold—and polarizing—vision for the country’s economic and social priorities in the years ahead.
Disclaimer:
This blog post is for informational purposes only. The views expressed in this article reflect official statements and media reports and do not constitute financial, political, or legal advice.