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LONDON DAILY ARCHIVE

Trump Scores Legislative Win as House Passes Tax Reform Bill

The 'big, beautiful bill' moves closer to becoming law with GOP support

04 July 2025 · 11:21 UTC

The House of Representatives has approved President Trump’s new tax reform package in a major political victory for the Republican Party.

The bill, which Trump has praised as a 'big, beautiful bill,' includes broad reductions in corporate taxes and adjustments to personal tax rates.

Supporters hail it as a growth stimulant for the U.S. economy, while critics warn it could deepen inequality and inflate the national deficit.