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President Donald Trump signed his $3.3 trillion “big, beautiful bill” on Friday, after the House passed the final version of the measure Thursday to ensure it arrived at the president’s desk by his self-imposed July 4 deadline.
The bill includes key provisions that would permanently establish individual and business tax breaks included in Trump’s 2017 Tax Cuts and Jobs Act, and incorporates new tax deductions to cut duties on tips and overtime pay.
Before signing the bill, the president said the bill would “fuel massive economic growth” and “lift up the hard-working citizens who make this country run.”
“We have officially made the Trump tax cuts permanent,” Trump said. “That’s the largest tax cut in the history of our country. … After this kicks in, our country is going to be a rocket ship economically. We’ve delivered no tax on tips, no tax on overtime,