Trump Signs $3.4 Trillion Tax-Spending Bill Cutting Medicaid, SNAP, Immigration Funding Boosted

President Donald Trump signed a sweeping tax and spending bill into law during a Fourth of July ceremony at the White House, marking a significant legislative victory in his second term. The $3.4 trillion package permanently extends the 2017 tax cuts, increases defense spending, and funds an aggressive immigration crackdown, while also imposing cuts and new restrictions on federal safety-net programs such as Medicaid, which could lead to millions losing health insurance. Trump celebrated the bill as the largest tax and spending cut package in American history and touted its potential to boost economic growth, despite opposition from Democrats who warned of negative impacts on social programs. The bill passed narrowly in the House and Senate amid unified Democratic opposition and some Republican dissent, with Congressional leaders playing a crucial role in securing its approval. Independent analyses, including from the Congressional Budget Office, estimate the bill will add trillions to the deficit and raise the national debt limit by $5 trillion. This legislation has strengthened Trump's influence within the Republican Party and is viewed as a major political win, though critics caution about the social and economic consequences of the spending cuts.