Trump Signs 'Big, Beautiful Bill' Into Law. What's Inside

Donald Trump said "America is winning, winning, winning like never before,"

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– Donald Trump signed the One Big Beautiful Bill extending tax cuts and boosting military spending

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– The bill includes $4.5 trillion in tax cuts, making previous rates and brackets permanent

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– It allocates $350 billion for border security, including the US-Mexico wall and migrant detention

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He also thanked House Speaker Mike Johnson and Senate Majority Leader John Thune

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Republicans said the 'One Big, Beautiful Bill' is crucial because there would be a massive tax increase

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The legislation contains about $4.5 trillion in tax cuts.

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The existing tax rates and brackets would become permanent under the bill, solidifying the tax cuts approved in Trump's first term.

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It would also temporarily add new tax deductions on tip, overtime and auto loans.

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There's also a deduction of $6,000 for older adults who earn no more than $75,000 a year.

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