Trump Signs Tax Cut and Spending Law - Expected Economic Boom in America

During a symbolic celebration coinciding with the American Independence Day, President Donald Trump signed the new massive budget law inside the White House last Friday evening, describing it as a "good law" and "a big and beautiful project", surrounded by a large number of supportive Republican lawmakers.

This law represents one of Trump's political victories in his second term, after it narrowly passed in the House of Representatives (218 votes to 214) and was approved in the Senate thanks to the decisive vote of the Vice President.

The law includes a permanent tax cut, putting an end to the Republican debate over spending, while providing significant funding for Trump's tough immigration campaign, a provision that has sparked widespread criticism among Democratic circles.

During the signing ceremony, Trump confidently stated:

"This law will propel the American economy like a space rocket."

Caroline Levitt, White House spokesperson, also stated on the "X" platform:

"The growth-supportive policies in this historic legislation will lead to an economic boom like never before."

Despite these optimistic statements, economic analysts have warned that the law could add around $3.4 trillion to the US national debt, which currently stands at $36.2 trillion.

It is also expected to deprive millions of Americans of health insurance, according to estimates from independent research centers.

The new law represents a culmination of Trump's efforts to solidify his administration's priorities, especially in the areas of taxes, immigration, and government spending.

With Congress adopting this project, it marks a strong step towards implementing his economic agenda amid highly polarized political atmosphere ahead of the upcoming congressional elections.