President Donald Trump on Friday signed into law his sweeping tax cut and spending package, what he’s called the “big, beautiful bill,” in a Fourth of July ceremony packaged with patriotic pomp and symbolism.

Donald Trump’s signature tax legislation, dubbed the “One Big, Beautiful Bill,” faces political scrutiny ahead of the 2026 midterms. While Republicans tout its economic benefits, critics argue it favours the wealthy and endangers healthcare for the poor,

Trump's One Big Beautiful Bill Act eliminates the $200 fee that gun owners are charged when purchasing silencers and short-barreled rifles, but it remains in effect for machine guns and explosive devices.