Trump signs'Big and Beautiful 'tax and spending bill

On July 5th, US President Trump signed the "Big and Beautiful" tax and spending bill into effect on July 4th local time. 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.