Trump signs'Big and Beautiful 'tax and spending bill

According to CCTV news, US President Trump signed the "Big and Beautiful" tax and spending bill on July 4 local time, making it effective. The US House of Representatives passed the "Big and Beautiful" bill promoted by President Trump with 218 votes in favor and 214 votes against on the afternoon of the 3rd. The bill is controversial for causing federal aid cuts, long-term debt increases and tax cuts for the rich and big businesses. Two Republican House members voted against it on the same day. The bill was passed by the Senate on the 1st of this month.