WASHINGTON DC, KOMPAS.com – United States (US) President Donald Trump signed his flagship tax and spending bill into law on Friday (4/7/2025), coinciding with the celebration of US Independence Day.

The moment was celebrated with a lavish ceremony at the White House, including a spectacular display of B-2 stealth bombers passing overhead.

"America is winning, winning, winning like never before," Trump said, as quoted by the AFP news agency, as he signed what he called"One Big Beautiful Bill," flanked by Republican lawmakers who supported the bill's passage.

The bill signed by Trump includes a number of important agendas from his campaign promises, starting from extending tax cuts from his first term, increasing the military budget, to allocating large funds to strengthen the immigrant deportation program.

Overshadowed by criticism and deficit concerns

Although it was called a political victory for Trump, the ratification of the bill was not without sharp criticism, especially from the Democratic Party and some economists.

One of the main concerns is its impact on the US budget deficit, which is expected to swell to 3.4 trillion US dollars (Rp. 55 quadrillion) in the next decade.

In fact, a number of Republicans were reported to have hesitated and were reluctant to vote in favor of the bill.

However, Republican House Speaker Mike Johnson managed to rally final support ahead of the vote.

The bill was finally passed by a narrow margin, with 218 votes in favor and 214 against.

Trump specifically expressed appreciation for Johnson at a White House celebration."What a job," he said.

One of the most controversial parts of the law was the sweeping cuts to social welfare programs, including Medicaid—the health insurance program for low-income people—and federal food assistance.

According to some analyses, as many as 17 million Americans are at risk of losing their health insurance coverage. Some rural hospitals are even expected to close due to the loss of funding.

But Trump dismissed the concerns."They've developed a standard line, and we can't let them get away with it. 'Oh, it's dangerous. Oh, everybody's going to die.' It's the opposite," he said.

Elon Musk, a former Trump ally who is now one of his harshest critics, also opposed the bill.

Musk even stated his intention to form a new political party as a rival to the Republican Party.