Trump’s $3.3T bill raises debt limit, adds Medicaid work requirements

president Donald Trump It was signed by a “large and beautiful bill” worth $ 3.3 trillion on Friday, after the house approved the final version of the procedure on Thursday to ensure that it arrives at the President’s office by the deadline he imposed on himself on July 4.

The draft law includes major provisions that constantly create individual and commercial tax exemptions listed in the Trump Discounts and jobs law for the year 2017, and includes new tax discounts to reduce duties on advice and additional wages.

Before signing the draft law, the president said that the draft law “will nourish an enormous economic growth” and “raise the citizens who work hard and who make this country.”

“We have officially made a permanent Trump tax discounts,” Trump said. “This is the biggest tax reduction in the history of our country … … After these kicks, our country will be an economically rocket ship. We have not made any tax on advice, nor a tax on additional work, and there is no tax on social security for the elderly.

This measure also raises the maximum debt by $ 5 trillion – a ruling that faced numbers including Spacex and Tesla CEO Elon MuskWho previously led a war against government spending wasted in the Ministry of Governmental efficiency.

Moreover, the draft law cancels some tax credits for the green energy tax dating back to the Baiden era, and is allocated about 350 billion dollars to defense and the Trump expatriate initiative to get rid of illegal immigrants from the United States

“The wind. Do not work,” Trump said. “I will tell you, regardless of the destruction of our fields and our parents, killing all birds, [and] Being very weak and expensive, [they are] Everything was made in China. As you know, I have noticed something … with all the air mills that China sends us … I have never seen a wind farm in China. “

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Also measure Medical aid institutesIncluding new 80 -hour work requirements for medicaid beneficiaries, and expanding work requirements for those in supplementary nutritional assistance program, or SNAP.

Republicans in the Senate were sent on June 26 for reform and passed the procedure before Trump’s deadline after Trump’s deadline after parliamentarians in the Senate decided to Elizabeth McDono that many Medicaid reforms in the overwhelming tax package and local policy did not follow the rules of the Senate and must be removed.

In the end, the Senate approved the measure on Tuesday, 51-50. Republicans, Susan Collins, voted from Maine, Tom Telese from North Carolina, and Rand Paul from Kentucky against the bill, the requirements of Vice Vice President JD Vance to intervene in a tie.

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Senator Tom Telese, RN.C, Federal Reserve Chairman Jerome Powell, during the Senate Committee hearing about banking, housing and urban affairs entitled “Semi -annual monetary policy report to Congress”, at the Dirksen Building on Wednesday, June 25, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

After that, the legislation returned to the House of Representatives to clarify some of the differences in the publications that were passed in both Congressing rooms.

On Wednesday evening, before the house, Vans raised the heat on the legislators to obtain the measure through the finish line, citing provisions in this measure that would enhance border security.

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“Congratulations to everyone. Sometimes I doubt that we will achieve it by July 4! But now we have delivered significant tax cuts and the resources needed to secure the borders. The promises that were set, and their promises!”

Trump also entered the border rulings in the measure when he urged legislators to finish the legislation in a “great and beautiful event” at the White House on June 26, and described the draft law “one degree more than the border legislation important to cross Congress.”

“This is the final blogging of our business schedule – simply, a phrase that has been well used over the past ten years, but perhaps even before – it makes America great again,” Trump said at this event.

Other administration officials also warned that the failure to pass the bill will lead to ruin to the economy. For example, the White House Management and Budget Office, Russell Virus, told legislators in June that the failure to pass this procedure would lead to a 60 % tax increase for Americans and will lead to recession.

The Senate passes the “Grand and Beautiful Bill” of Trump after the marathon vote

The leader of the minority in the House of Representatives, Hakim Jeffrez, speaks DN.Y, during a press conference in Capitol, in Washington, Thursday, March 6, 2025. (AP Photo/J. Scott Applewhite)

Meanwhile, no democratic in any of the Congress room has supported this procedure. Description of the leader of the minority in the House of Representatives, Hakim Jeffrez, DN.Y. The “Al -Qaldi” bill during the floor notes that lasted on Thursday hours, noting Medicid reforms and capturing reports indicating that it will remove millions of beneficiaries of the programs.

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“What is imagined in this ugly major bill is wrong. It is dangerous, and it is cruel, and cruelty should not be the target or the result of the legislation that we consider here in the House of Representatives in the United States,” said Jeffrez.

Fox News Liz Elkend contributed to this report.