The Japan Times - Trump to sign 'big, beautiful' bill on US Independence Day

EUR -
AED 4.315152
AFN 77.708509
ALL 96.852138
AMD 448.491142
ANG 2.103707
AOA 1077.46608
ARS 1692.867744
AUD 1.766731
AWG 2.114983
AZN 1.996065
BAM 1.958827
BBD 2.365606
BDT 143.531799
BGN 1.957646
BHD 0.442923
BIF 3471.553207
BMD 1.174991
BND 1.516883
BOB 8.115541
BRL 6.345419
BSD 1.17454
BTN 106.215586
BWP 15.56238
BYN 3.462451
BYR 23029.817846
BZD 2.36217
CAD 1.617428
CDF 2631.978985
CHF 0.93526
CLF 0.027299
CLP 1070.885484
CNY 8.288974
CNH 8.27372
COP 4466.84467
CRC 587.522896
CUC 1.174991
CUP 31.137254
CVE 110.435656
CZK 24.285177
DJF 209.15766
DKK 7.470444
DOP 74.667289
DZD 152.34334
EGP 55.789738
ERN 17.624861
ETB 183.52108
FJD 2.648192
FKP 0.879185
GBP 0.877671
GEL 3.168367
GGP 0.879185
GHS 13.482835
GIP 0.879185
GMD 85.774311
GNF 10213.261358
GTQ 8.995863
GYD 245.719709
HKD 9.144171
HNL 30.922442
HRK 7.532747
HTG 153.951832
HUF 385.151393
IDR 19592.088787
ILS 3.766621
IMP 0.879185
INR 106.613135
IQD 1538.577555
IRR 49493.544354
ISK 148.41283
JEP 0.879185
JMD 188.054601
JOD 0.833059
JPY 182.086549
KES 151.515079
KGS 102.752804
KHR 4702.386633
KMF 492.911492
KPW 1057.491268
KRW 1720.480396
KWD 0.36051
KYD 0.978813
KZT 612.546565
LAK 25462.346819
LBP 105176.728999
LKR 362.920819
LRD 207.301224
LSL 19.815521
LTL 3.469442
LVL 0.710741
LYD 6.379995
MAD 10.805297
MDL 19.854766
MGA 5203.151106
MKD 61.58937
MMK 2466.617904
MNT 4166.358748
MOP 9.418054
MRU 47.004836
MUR 53.990968
MVR 18.088629
MWK 2036.690621
MXN 21.126092
MYR 4.808648
MZN 75.093803
NAD 19.815521
NGN 1705.53442
NIO 43.227904
NOK 11.911281
NPR 169.94896
NZD 2.027652
OMR 0.451782
PAB 1.174515
PEN 3.954311
PGK 5.062068
PHP 69.231624
PKR 329.162758
PLN 4.221642
PYG 7889.359242
QAR 4.280496
RON 5.094291
RSD 117.388641
RUB 92.967943
RWF 1709.478019
SAR 4.40866
SBD 9.607607
SCR 17.223335
SDG 706.756952
SEK 10.910905
SGD 1.51451
SHP 0.881547
SLE 28.346692
SLL 24638.971924
SOS 670.04968
SRD 45.293589
STD 24319.935326
STN 24.534259
SVC 10.276881
SYP 12991.498391
SZL 19.808863
THB 36.931722
TJS 10.793679
TMT 4.124217
TND 3.433491
TOP 2.829096
TRY 50.173396
TTD 7.970316
TWD 36.798371
TZS 2916.912694
UAH 49.627044
UGX 4174.450755
USD 1.174991
UYU 46.090635
UZS 14149.865707
VES 314.239221
VND 30925.755393
VUV 142.323844
WST 3.261166
XAF 656.986216
XAG 0.018396
XAU 0.000271
XCD 3.175471
XCG 2.116771
XDR 0.81708
XOF 656.986216
XPF 119.331742
YER 280.241445
ZAR 19.712468
ZMK 10576.317779
ZMW 27.102111
ZWL 378.346528
  • SCS

    0.0200

    16.14

    +0.12%

  • JRI

    -0.0200

    13.7

    -0.15%

  • CMSC

    -0.1300

    23.3

    -0.56%

  • BCC

    0.2500

    76.51

    +0.33%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • NGG

    0.2400

    74.93

    +0.32%

  • BTI

    -1.2700

    57.1

    -2.22%

  • RBGPF

    0.0000

    81.17

    0%

  • BP

    -0.2700

    35.26

    -0.77%

  • BCE

    0.3100

    23.71

    +1.31%

  • GSK

    -0.0700

    48.81

    -0.14%

  • RIO

    -1.0800

    75.66

    -1.43%

  • RYCEF

    -0.2500

    14.6

    -1.71%

  • AZN

    -0.4600

    89.83

    -0.51%

  • RELX

    0.1000

    40.38

    +0.25%

  • VOD

    0.0500

    12.59

    +0.4%

Trump to sign 'big, beautiful' bill on US Independence Day
Trump to sign 'big, beautiful' bill on US Independence Day / Photo: ANDREW CABALLERO-REYNOLDS - AFP

Trump to sign 'big, beautiful' bill on US Independence Day

US President Donald Trump will sign his flagship tax and spending bill Friday in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran.

Text size:

Trump pushed Republican lawmakers to get his unpopular "One Big Beautiful Bill" through a reluctant Congress in time for him to sign it into law on the US national holiday -- and they did so with a day to spare Thursday.

Ever the showman, Trump will now meld a victory lap over the bill -- which cements his radical second term agenda -- with a grand party at the White House marking 249 years of independence from Britain.

Trump announced that he would have a signing ceremony at the White House at 4:00 pm (2000 GMT) on Friday, and that the pilots who carried out the bombing on Iran were among those who had been invited.

"We have the hottest country anywhere in the world today," the jubilant president told supporters at a rally in Iowa Thursday where he boasted of a "phenomenal" victory in passing the bill.

"The age of America is upon us. This is a golden age."

The bill is the latest in a series of big political wins at home and abroad for Trump, and underlines the 79-year-old's dominance over both the Republican Party and US politics at large, for now.

But the tycoon and former reality TV star has glossed over deep concerns from his own party and voters that it will balloon the national debt, and gut health and welfare support.

White House Press Secretary Karoline Leavitt said on Thursday that the ceremony would be "on the Fourth of July, just as the president always said and hoped it would be."

First Lady Melania Trump was also set to attend the Independence Day event.

The president's wife had told reporters on Thursday that a B-2 bomber, the type of aircraft that bombed Iran's nuclear facilities on June 22, and fighter jets would carry out a flypast for the July 4 event.

And Trump told the rally-goers in Iowa that the pilots and others who worked on the mission would join him for the festivities.

"They're going to be in Washington tomorrow, at the White House, we're going to be celebrating," he said.

- Deep misgivings -

Trump forced through the bill despite deep misgivings in the Republican Party -- and the vocal opposition of his billionaire former ally, Elon Musk.

It squeezed past a final vote in the House of Representatives 218-214 after Republican Speaker Mike Johnson worked through the night to corral the final group of dissenters.

The sprawling mega-bill honors many of Trump's campaign promises: boosting military spending, funding a mass migrant deportation drive and committing $4.5 trillion to extend his first-term tax relief.

The legislation is the latest in a series of big wins for Trump, including a Supreme Court ruling last week that curbed lone federal judges from blocking his policies, and the US air strikes that led to a ceasefire between Israel and Iran.

But it is expected to pile an extra $3.4 trillion over a decade onto the US deficit.

At the same time it will shrink the federal food assistance program and force through the largest cuts to the Medicaid health insurance scheme for low-income Americans since its 1960s launch.

Up to 17 million people could lose their insurance coverage under the bill, according to some estimates. Scores of rural hospitals are expected to close as a result.

Democrats hope public opposition to the bill will help them flip the House in the 2026 midterm election, pointing to data showing that it represents a huge redistribution of wealth from the poorest Americans to the richest.

K.Hashimoto--JT