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prima:Donald Trump celebrated the 4th of July with the signing of his bill that cuts Medicaid and extends tax breaks

The legislation increases the federal excise tax reimbursement on rum imported from Puerto Rico, imposes new limits on full access to Pell grants and restricts the island’s access to the opportunity zones program

July 5, 2025 - 2:56 PM

Donald Trump scored his biggest legislative victory with the passage of the tax reconciliation bill, which he signed into law. (Jacquelyn Martin)

Washington D.C. - U.S. President Donald Trump signed into law Friday the sweeping fiscal reconciliation bill that boosts his priorities, cuts Medicaid, gives permanence to eight-year-old tax relief for citizens and raises the federal debt by about $3.25 trillion.

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