Trump to sign "big, beautiful bill" in July Fourth ceremony at White House

Washington — President Trump is bringing pomp and circumstance to his signing of the "big, beautiful bill" on Friday, with a 4 p.m. Independence Day ceremony at the White House.  The current $2,000 child tax credit, which would return to a pre-2017 level of $1,000 in 2026, will permanently increase to $2,200.  The bill would allow many tipped workers to deduct up to $25,000 of their tips and overtime from their taxes. That provision expires in 2028. The bill would make changes to the Supplemental Nutrition Assistance Program, or food stamps, expanding work requirements and requiring state governments with higher payment error rates to cover some of the program's costs. The legislation also includes more than $46.5 billion for border wall construction and related expenses, $45 billion to expand detention capacity for immigrants in custody and about $30 billion in funding for hiring, training and other resources for U.S. Immigration and Customs Enforcement. The legislation would raise the debt ceiling by $5 trillion, going beyond the $4 trillion outlined in the initial House-passed bill. Congress faces a deadline to address the debt limit later this summer. 

Some Republican members of Congress who voted to pass the legislation are expected to attend, as the president puts his signature on his sweeping domestic policy bill. The final bill hasn't appeased all Republicans, but the president and Congress managed to pass it ahead of their self-imposed July 4 deadline. 

The president watched coverage of the bill's passage from the White House on Thursday. Mr. Trump took a victory lap during a speech in Iowa Thursday night, calling the first five months of his second term "a declaration of independence from a, really, national decline."