According to online reports, according to CCTV News, US President Trump signed the "Big and Beautiful" tax and spending bill on July 4 local time to bring it into effect. The U.S. House of Representatives passed the "Big and Beautiful" bill promoted by President Trump with a vote of 218 in favor and 214 against on the afternoon of the 3rd. The bill has been controversial because of cuts in federal aid, increases in long-term debt and tax cuts for the rich and large businesses. Two Republican congressmen voted against the vote that day. The bill was passed by the Senate on the 1st of this month.