US President Donald Trump signed his"big, beautiful" bill, which was passed by Congress yesterday and arrived at his desk just in time for Independence Day.

Taking advantage of July 4th, the White House held a"big, beautiful ceremony" to enact the tax plan, which includes, in addition to cuts to social programs like Medicare, a 1 percent remittance tax.

The White House was decorated with red, white, and blue bunting for the usual Fourth of July festivities.

The United States Marine Corps Band performed patriotic marches and, with a typically Trumpian touch, tunes by 1980s pop icons Chaka Khan and Huey Lewis.

The two flyovers marked the end of Trump's appearance and the band's performance of the national anthem.

Against all odds, which at times seemed improbable, Trump achieved his goal of celebrating a historic and divisive legislative victory, in time for the nation's anniversary.

Fighter jets and a stealth bomber soared overhead during the annual Fourth of July picnic at the White House, as Trump and first lady Melania Trump stepped out onto the White House balcony.

"America is winning, winning, winning like never before," Trump said, referring to last month's bombing campaign against Iran's nuclear program, which he said the flyover was intended to honor.

"Promises made, promises kept, and we have kept them," the U.S. president said.

What does the new legislation entail?

The legislation extends Trump's multi-trillion-dollar 2017 tax cuts and slashes Medicaid and food stamps by $1.2 trillion.

He anticipates a massive increase in immigration enforcement.

The independent congressional oversight body projects that nearly 12 million more people will lose their health insurance under this law.

The Congressional Budget Office estimates that the package will add $3.3 trillion to the deficit over the decade and 11.8 million more people will lose health coverage.

This is how they approved the legislation

The legislation passed the House of Representatives on Thursday on a largely party-line vote, culminating a months-long effort by the GOP to cram most of its legislative priorities into a single budget bill that could be enacted without Senate Democrats being able to block it indefinitely through a filibuster.

It passed by a single vote in the Senate, where North Carolina Republican Thom Tillis announced he would not seek reelection after angering Trump by opposing it. Vice President J. D. Vance cast the deciding vote.

In the House of Representatives, where two Republicans voted against it, one of them, conservative maverick Tom Massie of Kentucky, has also become a target of Trump's well-funded political operation.

The legislation amounts to a repudiation of the agendas of the last two Democratic presidents, Barack Obama and Joe Biden, by reversing Obama's Medicaid expansion under his signature healthcare law and Biden's renewable energy tax credits.

This is what Democrats and Republicans thought 

Democrats criticized the package as a"gift to the rich" that will deprive millions of low-income people of health insurance, food assistance, and financial stability.

"I never thought I'd be standing in the House of Representatives saying this is a crime scene," said Democratic Leader Hakeem Jeffries of New York during an unprecedented speech that delayed passage of the bill for more than eight hours.

"This is a crime scene, one that threatens the health, safety, and well-being of the American people," he said.

The fiscal and budget plan promoted by the president received its first approval from the House of Representatives on May 22, and after its approval in the Senate on July 1 with the tie-breaking vote of Vice President JD Vance, it returned to the House of Representatives this Thursday and obtained final approval.

The bill had received resistance from Republicans over the impact the planned cuts could have on medical plans like Medicaid and on their own constituencies.

In 2026, there are midterm elections, in which the entire House of Representatives and a third of the Senate will be elected, and legislators' stance on the matter could influence those elections.

Trump had been insisting for days that he wanted to be able to ratify it this July 4th and had threatened to.

From President Trump: “The Republicans in the House of Representatives (@HouseGOP) have just passed the “ONE BIG BEAUTIFUL BILL ACT.” Our Party is UNITED like never before and, our Country is “HOT.” We are going to have a Signing Celebration at the White House tomorrow…”

— Dan Scavino (@Scavino47) July 3, 2025

The Republican caucus could only afford three withdrawals to get it through, and finally only two conservatives turned their backs on it : Kentucky representative Thomas Massie and Pennsylvania representative Brian Fitzpatrick.

"The EU will rise like a rocket"

US President Donald Trump demonstrated yesterday that the tax plan he has promoted and that was just approved by Congress will propel the United States "like a rocket" and is the largest bill of its kind to be ratified.

On his way to Iowa, where the commemorations for the country's 250th anniversary began in 2026, the Republican leader boasted that he will deliver"the largest tax cut in history" and that it will be fantastic for the border with Mexico.

In addition, he invited all Republican legislators to the White House to celebrate the founding of their country and the"beginning of the new golden age" that begins with the signing of the Big Beautiful Bill.

Trump congratulates lawmakers:

.@POTUS:"This is going to be something that's amazing... and I want to congratulate @SpeakerJohnson, and @GOPMajorityWhip, and @SteveScalise and everybody else. They worked so hard... on the Senate side, I thought @LeaderJohnThune did a fantastic job."

— Rapid Response 47 (@RapidResponse47) July 3, 2025

"It won't affect Mexico": Economy

Economy Secretary Marcelo Ebrard estimated yesterday that the new fiscal plan proposed by the President of the United States will not affect the country's economy and, on the contrary, could strengthen the competitive position of national products compared to other markets.

The official emphasized that, beyond fiscal figures, what truly defines competitiveness is productivity and the logistical advantages that Mexico offers.

"Mexico has a series of very important advantages in this regard, enabling us to be competitive due to our productivity, our proximity, and a series of logistical advantages we have in the world of the mind. In other words, your production costs will not change," Ebrard noted during the presidential press conference.

He stated that the country, at the production level, is very competitive, and although he acknowledged that it is entering a system of comparative disadvantages, in which each country will have to pay a different amount to enter the United States market.

Ebrard explained that with Trump's tax plan, products from Vietnam could enter the country, which is a competitor of Mexico, with higher costs for them.

"Entering the United States market will cost them (Vietnam) an average of 35 to 40 percent, while it will cost us an average of 6 percent. So, you can see that there's a big difference," he emphasized.