TechFlow, on July 5, according to Jinshi Data, U.S. President Trump signed the "Big Beautiful" tax and spending bill into law on July 4 local time. On the afternoon of July 3, the U.S. House of Representatives passed the "Big Beautiful" bill promoted by President Trump with a vote of 218 in favor and 214 opposed. The bill has been controversial due to its reduction of federal aid, long-term increase in debt, and tax cuts for the wealthy and large corporations. Two Republican members of the House voted against it that day. The bill had already passed the Senate on July 1 this month.
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