Trump Signs Tax-Cut and Funding Bill at White House Ceremony (1)

July 4, 2025, 10:06 PM UTC

President Donald Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funding to crack down on illegal immigration.

The package encompasses a suite of priorities Trump campaigned on in 2024 — and its enactment at a White House ceremony represents a major political victory for the president whose second term was marked until now by executive rather than legislative action.

President Donald Trump signed his $3.4 trillion budget bill into law Friday, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funding to crack down on illegal immigration. Source: Bloomberg

The legislative milestone reinforces Trump’s grip on the Republican Party, whose Capitol Hill leaders muscled the bill through the House and Senate ...

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