Trump Wins Broad Economic Policy Shift as House Passes Tax Bill

Trump Signs 'Big, Beautiful Bill' at July 4th Ceremony

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By Erik Wasson, Steven T. Dennis, and Maeve Sheehey

July 3, 2025 at 6:31 PM UTC

Updated on

July 3, 2025 at 10:58 PM UTC

President Donald Trump secured a sweeping shift in US domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy.

The 218-214 vote in the House Thursday sends the legislation to Trump, in time for a July 4 deadline he set. House leaders had to keep earlier procedural votes open for hours to convince a small band of holdouts to support the legislation.