House passes Trump-backed bill, tightening his grip on the Republican Party despite backlash over debt and cuts to Medicaid.

Trump's "big, beautiful bill" contains an array of tax and spending measures. Tax cuts Trump introduced in 2017 would be made permanent, while state and local tax deductions would increase from $10,000 to $40,000—primarily benefiting those living in high-tax states.

President Donald Trump signed a major tax and spending bill into law on Independence Day, making 2017 tax cuts permanent, slashing healthcare and welfare spending, and boosting border security funding.