Trump Signs Sweeping Tax, Spending Bill into Law | JQJO

President Trump signed a landmark tax and spending bill into law on July 4th. The bill, passed by Republicans despite Democratic opposition, makes permanent 2017 tax cuts, increases defense spending, and strengthens border security. However, it also significantly cuts Medicaid and food stamps. Some provisions, like the expiration of electric vehicle tax credits, are immediate, while others, including changes to Medicaid eligibility, take effect closer to future elections.