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Trump Signs Controversial Tax Bill, Debt Soars $3.7 Trillion

7/14/2025

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Summary

Story summary

President Trump has officially signed the "Big Beautiful Bill," a tax package that could balloon the national debt by $3.7 trillion in just ten years. While touted as a boon for working Americans, critics warn it primarily favors the wealthy, deepening inequality and threatening vital public services that support the most vulnerable in society.

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Story summary

President Trump has officially signed the "Big Beautiful Bill," a tax package that could balloon the national debt by $3.7 trillion in just ten years. While touted as a boon for working Americans, critics warn it primarily favors the wealthy, deepening inequality and threatening vital public services that support the most vulnerable in society.