Fri Jul 04 22:15:25 UTC 2025: Here’s a summary and rewrite of the text as a news article, keeping an Indian perspective in mind, followed by a more generalized news version:
**Summary:**
U.S. President Donald Trump signed the “One Big Beautiful Bill Act,” a sweeping spending and tax legislation, into law on July 5, 2025. The bill, largely supported by Republicans, extends Trump’s 2017 tax cuts, cuts Medicaid and food stamps, and increases funding for immigration enforcement. Critics, mainly Democrats, argue it favors the wealthy, harms the poor, and significantly increases the national debt. The bill passed narrowly in both the House and Senate, facing considerable opposition, and is expected to be a major point of contention in the upcoming midterm elections.
**News Article – Indian Perspective:**
**Trump Signs Contentious Spending Bill, Stokes Debate on Economic Inequality**
*Washington, D.C. -* U.S. President Donald Trump has signed into law a sweeping tax and spending bill, dubbed the “One Big Beautiful Bill Act,” sparking fierce debate on its potential impact, particularly concerning economic inequality and social safety nets.
The bill, passed largely along party lines with near-unanimous Republican support, extends existing tax cuts from 2017, while simultaneously slashing funding for key social programs like Medicaid and food stamps. It also allocates significant resources to immigration enforcement.
The move has drawn sharp criticism from Democrats, who denounce it as a giveaway to the wealthy at the expense of the vulnerable. Opposition leaders argue that the legislation will widen the gap between rich and poor, jeopardizing the health and financial stability of millions. House leader Hakeem Jeffries even delivered a record breaking speech, labelling the bill “a crime scene.”
The bill’s passage highlights the deep political divisions within the United States and raises concerns about the future of social welfare programs. While proponents tout its potential to stimulate the economy, critics warn of devastating consequences for low-income families and the overall stability of the U.S. economy, with some projections forecasting a massive increase in the national debt. For India, which is grappling with its own economic challenges and social welfare goals, the developments in the U.S. offer important lessons on the complexities of fiscal policy and the balance between economic growth and social equity.
**News Article – General:**
**Trump Signs Divisive Tax and Spending Bill into Law, Sparks Outcry**
*Washington, D.C.* – President Donald Trump signed the “One Big Beautiful Bill Act” into law Friday, a sweeping piece of legislation that promises to reshape the U.S. economic landscape, but faces fierce opposition over its potential impact on social safety nets and the national debt.
The bill extends tax cuts enacted in 2017, while also slashing funding for programs like Medicaid and food stamps. It additionally boosts funding for immigration enforcement. The White House celebrated the passage with a patriotic Fourth of July celebration, touting the legislation as a win for America.
However, Democrats are slamming the bill as a boon for the wealthy at the expense of the poor, predicting millions will lose health insurance and face diminished access to essential services. The nonpartisan Congressional Budget Office estimates the bill will add trillions to the national debt and leave millions more uninsured.
The legislation’s passage was hard-fought, requiring a tie-breaking vote in the Senate and facing fierce opposition even from within the Republican party. The bill is expected to be a major battleground in the upcoming midterm elections, with both sides gearing up for a major political fight over its merits.
First Piper 