WASHINGTON — President Donald Trump signed a sweeping package of tax and spending cuts into law Friday, celebrating with a July 4 White House ceremony that doubled as a political rally.

The bill, narrowly passed by the Republican-led House 218–214, makes Trump’s 2017 tax cuts permanent, funds his immigration crackdown, slashes spending, and is expected to strip millions of Americans of health coverage.

On the South Lawn, Trump hailed the law as the biggest tax cut, spending cut, and border security investment in US history, thanking GOP leaders Mike Johnson and John Thune. The event featured flyovers by military jets and drew hundreds of supporters, lawmakers, and military families.

While Republicans say the bill will spur economic growth, critics warn it will balloon the national debt by over US$3 trillion and harm low-income Americans. Only two House Republicans joined all Democrats in voting against it.

Democrats slammed the law as a giveaway to billionaires at the expense of working families. DNC Chair Ken Martin vowed it would hurt GOP chances in 2026, calling it a “betrayal of the American people.”