President Trump signs big, beautiful tax and spending bill

CoinRank News: US President Trump signed the Big and Beautiful tax and spending bill into law on July 4 local time (early morning of July 5 Beijing time). The US House of Representatives passed the Big and Beautiful bill promoted by President Trump with 218 votes in favor and 214 votes against on the afternoon of July 3. The bill has been controversial for cutting federal aid, increasing long-term debt, and cutting taxes for the rich and large companies. Two Republican congressmen voted against the bill that day. The bill was passed by the Senate on July 1. (CCTV News)