Trump to sign
CBS1 day
Trump Signs 'One Big Beautiful Bill' Into Law
Above: U.S. President Donald Trump signs the 'One Big Beautiful Bill' into law at the White House in Washington, D.C. on July 4, 2025. Image copyright: Samuel Corum/Getty Images
The Spin
Republican narrative
This historic legislation will unleash an economic rocketship for America — cementing the largest tax cuts in history, restoring border security, and delivering on every one of President Trump's campaign promises. It prevents a $4.5 trillion tax hike and fuels parallel growth, ensuring Main Street and Wall Street rise together while working families keep thousands more in take-home pay.
Democratic narrative
Trump’s budget bill is a direct attack on middle and lower-income Americans. It ends Medicaid for millions, slashes food aid, defunds Planned Parenthood, and cuts student grants — all while handing billions in tax breaks to billionaires and polluters. Rural hospitals will close, and seniors will pay more. Swing-district Republicans who voted for it must be held accountable in 2026.
Conservative narrative
The Big Not-So-Beautiful Bill has been forced through Congress by Republicans who abandoned fiscal responsibility for political expediency. Despite a few token conservative wins, this reckless spending will explode the deficit, fueling inflation and higher interest rates that harm hardworking Americans. Yet GOP leaders celebrate this failure, putting politics above the nation’s economic future.
Narrative D
President Trump’s “One Big Beautiful Bill” has dealt a serious blow to Biden’s legacy and the Democratic Party’s future. With tougher immigration enforcement and the exclusion of undocumented residents from the census, Democrats will face greater challenges holding congressional seats. Coupled with ongoing cultural and leadership struggles, the party’s prospects in upcoming elections look grim.