In a massive second-term victory, U.S President Donald Trump’s $4.5 trillion “Big Beautiful Bill” has officially cleared the U.S. Congress.
Passed by a narrow margin of 218–214 in the House, the legislation delivers sweeping tax cuts, permanent extensions of his 2017 reforms, and major funding for border security and immigration enforcement.
Despite deep Republican divisions and united Democratic opposition, Trump is set to sign the bill into law at a high-profile July 4th ceremony.
What does this mean for America’s economy and the 2026 elections?
Let’s break it down.
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