In a major legislative victory for President Donald Trump, the House of Representatives passed the much-anticipated “Big Beautiful Bill” on Thursday, just before the July 4 deadline. The bill narrowly passed in a 218-214 vote, with two Republican lawmakers breaking ranks. It now heads to Trump’s desk for signing, which the White House has confirmed will take place during a grand ceremony on Independence Day at 5 pm local time.
“The one ‘big, beautiful bill’ has passed the House of Representatives and will be at the president’s desk for signature at a big, beautiful signing ceremony tomorrow at 5 pm on the Fourth of July, just as the president always said and hoped it would be,” said White House Press Secretary Karoline Leavitt.
What’s in the Big Beautiful Bill?
The $4.5 trillion package includes wide-ranging reforms and extensions of Trump-era tax policies first enacted in 2017. Notable provisions include:
Tax Cuts: The bill makes individual and estate tax cuts permanent. Tips (up to $25,000 for individuals earning under $150,000) and overtime (up to $160,000) are now tax-exempt, effective for taxable years starting December 31, 2024.
SALT Cap Adjustment: The State and Local Tax (SALT) deduction cap is temporarily raised to $40,000 for incomes up to $500,000, effective immediately but reverting to $10,000 after five years.
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Social Programs: Medicaid work requirements (80 hours/month for able-bodied adults) will begin in 2026, and states with SNAP error rates above 6% will face cost-sharing measures from 2028.
Border Security: Funding for 10,000 ICE agents, 3,000 Border Patrol agents, and border wall construction is included, with execution beginning in the 2026 fiscal year.
Clean Energy Rollback: Most clean energy tax credits — including those for electric vehicles and solar or wind energy — will end 60 days post-enactment, excluding nuclear projects already underway by 2028.
Child Benefits: The bill establishes $1,000 “Trump Accounts” for newborns and raises the child tax credit to $2,500 beginning in 2025, expiring in 2028.
President Trump is expected to address the nation after the ceremonial signing on July 4, positioning the bill as a cornerstone of his second-term domestic agenda.
