Trump signs his 'big, beautiful' tax bill at White House ceremony

President Donald Trump signed his $3.4 trillion budget bill into law on Friday during a ceremony at the White House, marking a significant moment in his administration's economic policy. Touted as a "big, beautiful" tax bill by Trump, the legislation aims to extend existing tax cuts while introducing temporary new breaks designed to stimulate economic growth. The bill's passage represents a key victory for Republicans, who have long championed tax reform as a means to boost the economy and encourage business investments. The newly signed law extends tax reductions initially set to expire, providing relief to both individual taxpayers and corporations. Among its provisions are temporary tax breaks intended to benefit families and small businesses, in hopes of spurring consumer spending and job creation. Supporters argue that these measures will lead to sustained economic expansion, while critics express concerns over the potential impact on the national deficit and income inequality. As the nation absorbs the implications of this sweeping tax overhaul, the debate over its long-term effects continues. Proponents of the bill emphasize its potential to enhance America's competitive edge by attracting businesses and fostering innovation. Meanwhile, opponents remain wary of the fiscal ramifications and the distribution of benefits. As the implementation unfolds, the true impact of this legislation on the economy and American households will be closely monitored in the coming months.

— Authored by Next24 Live