Trump signs the "Big and Beautiful" tax and spending bill

According to Golden Finance, on July 4 local time, U.S. President Trump signed the "Big and Beautiful" tax and spending bill into effect. The U.S. House of Representatives passed the "Big and Beautiful" bill promoted by President Trump with a vote of 218 in favor and 214 against on the afternoon of the 3rd. The bill has been controversial due to its cuts to federal aid, increases in long-term debt, and tax cuts for the wealthy and large corporations. Two Republican members of Congress voted against it during the vote. The bill was passed by the Senate on the 1st of this month.

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