The president’s measure includes tax cuts and spending reductions.

President Donald Trump signs $3.3 trillion tax bill that extends 2017 tax cuts, raises debt limit by $5 trillion, rescinds Biden green energy credits, and adds Medicaid work requirements.

“The Republicans in the House of Representatives have just passed the ‘ONE BIG BEAUTIFUL BILL ACT,’” Trump wrote on his social media platform after the bill passed the House of Representatives on a 218-214 vote Thursday. “Our Party is UNITED like never before and, our Country is ‘HOT.’”