WATCH: President Trump Signs ‘Big, Beautiful’ Bill in Landmark Win for Second Term Agenda
By Fox News // July 5, 2025
ABOVE VIDEO: President Trump officially signs the “big, beautiful bill” into law.
(FOX NEWS) – President Donald Trump signed his $3.3 trillion “big, beautiful bill” on Friday, after the House passed the final version of the measure Thursday to ensure it arrived at the president’s desk by his self-imposed July 4 deadline.
The bill includes key provisions that would permanently establish individual and business tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act, and incorporates new tax deductions to cut duties on tips and overtime pay.
Before signing the bill, the president said the bill would “fuel massive economic growth” and “lift up the hard-working citizens who make this country run.”
“We have officially made the Trump tax cuts permanent,” Trump said. “That’s the largest tax cut in the history of our country. … After this kicks in, our country is going to be a rocket ship economically. We’ve delivered no tax on tips, no tax on overtime, and no tax on Social Security for our great seniors. … It makes the child tax credit permanent for 40 million American families. … The Golden Age of America is upon us.”
The measure also raises the debt limit by $5 trillion — a provision that has faced scrutiny from figures including SpaceX and Tesla CEO Elon Musk, who formerly led a war against wasteful government spending at the Department of Government Efficiency.
Furthermore, the bill rescinds certain Biden-era green energy tax credits, and allocates approximately $350 billion for defense and Trump’s mass deportation initiative to weed out illegal immigrants from the U.S.
“Wind. It doesn’t work,” Trump said. “I will tell you, aside from ruining our fields and our valleys, killing all the birds, [and] being very weak and very expensive, [they are] all made in China. You know, I noticed something … with all of the windmills that China sends us … I have never seen a wind farm in China.”
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