Trump signs his tax and spending cut bill on July 4

Flanked by Republican legislators and members of his Cabinet, President Donald Trump signed the multitrillion-dollar legislation outside the White House, and then banged down the gavel that House Speaker Mike Johnson gifted him that was used during the bill's final passage Thursday. The bill extends Trump's 2017 multi-trillion dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion.

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Post from AP on July 04, 2025

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