Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Trump Signs $3.4 Trillion ‘Big, Beautiful Bill’ Into Law on Independence Day

by Team Lumida
July 5, 2025
in Macro
Reading Time: 4 mins read
A A
0
Tech Titans Pivot: Silicon Valley’s New Alliance in Trump’s Second Term

"Donald Trump" by Gage Skidmore is licensed under CC BY-SA 2.0

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  1. Major Legislative Win: President Trump signed a sweeping $3.4 trillion bill* into law, extending tax cuts, boosting military and immigration spending, and reducing social safety-net programs.
  2. Tax Cuts Extended: The bill extends Trump’s 2017 tax cuts for all income groups, introduces deductions for tips, overtime, and seniors, and raises the cap on state and local tax deductions to $40,000*.
  3. Spending Shifts: It allocates $157 billion* for military spending, over $150 billion* for immigration enforcement, and phases out clean-energy credits while imposing work requirements for Medicaid.
  4. Deficit Impact: The Congressional Budget Office estimates the bill will increase the budget deficit by$3.4 trillion through 2034.
  5. Partisan Divide: Republicans tout the bill as a driver of economic growth, while Democrats criticize it as favoring billionaires and cutting support for working families.

What Happened?

In a Fourth of July ceremony featuring a B-2 stealth bomber flyover, President Trump signed his “one big, beautiful bill” into law, marking a major second-term legislative achievement. The bill extends tax cuts, boosts border security, and reduces spending on social programs like Medicaid and food aid.

The legislation overcame divisions within the Republican Party, with some members concerned about the deficit and others opposing deep Medicaid cuts. Trump celebrated the bill as a triumph of democracy, claiming it would transform the U.S. economy into a “rocket ship.”


Why It Matters?

The bill represents a significant shift in U.S. fiscal policy, prioritizing tax cuts and military spending over social programs and clean energy. While Republicans argue it will spur economic growth, critics warn of rising inequality and ballooning deficits.

The legislation’s impact on low-income Americans and state budgets could be profound, as states are forced to shoulder more costs for food aid and Medicaid. The phase-out of clean-energy credits also signals a retreat from climate-focused policies.


What’s Next?

The bill’s passage sets the stage for a contentious 2026 midterm election, with Democrats aiming to capitalize on public opposition to spending cuts. Analysts will monitor the economic impact of the tax cuts and spending shifts, as well as the long-term implications for the federal deficit.

The legislation’s success or failure will likely shape Trump’s legacy and influence the Republican Party’s ability to maintain control of Congress.

Source
Previous Post

Xi Jinping’s Cold War Strategy: Lessons from the Soviet Union to Counter U.S. Rivalry

Next Post

Tesla Faces Sales Slump Amid Competition, Political Backlash, and Delayed Innovation

Recommended For You

US to Take 10% Stake in Trilogy Metals to Unlock Alaska Mining

by Team Lumida
1 day ago
Trump Signs Sweeping Travel Ban on 12 Countries, Introduces Restrictions on 7 Others

Key Takeaways Powered by lumidawealth.com The U.S. government will acquire a 10% stake in Canadian minerals explorer Trilogy Metals Inc. through a $35.6 million investment aimed at securing critical...

Read more

Trump Open to Healthcare Talks With Democrats to End Shutdown

by Team Lumida
1 day ago
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence

Key Takeaways Powered by lumidawealth.com President Trump expressed willingness to negotiate with Democrats on extending Affordable Care Act (ACA) subsidies amid the ongoing government shutdown, signaling potential progress toward...

Read more

US Gaza Plan Is Working, But Will Take Sustained Pressure

by Team Lumida
2 days ago
US Gaza Plan Is Working, But Will Take Sustained Pressure

Key Takeaways Powered by lumidawealth.com The Trump administration’s plan has created diplomatic momentum and a realistic path for an initial hostage‑for‑prisoner swap, but broader settlement mechanics remain unresolved. Core...

Read more

China Secretly Funds Iranian Oil via Infrastructure

by Team Lumida
2 days ago
China’s Financial Overhaul: Xi’s Strategy to Rebalance $9.1 Trillion Debt Crisis

Key Takeaways Powered by lumidawealth.com Beijing is using a covert barter‑style conduit to pay Iran for crude: oil shipments to China are effectively financed by Chinese state‑backed contractors building...

Read more

Trump Pushes for Israel–Hamas Deal Ahead of Monday Talks

by Team Lumida
2 days ago
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence

Key Takeaways Powered by lumidawealth.com The U.S. is pressing Israel and Hamas toward mediated talks in Sharm El‑Sheikh focused initially on a hostage‑for‑prisoner swap and a ceasefire framework. Core...

Read more

China Pushes Trump to Ease Security Curbs in Exchange for Investment

by Team Lumida
4 days ago
China’s Bold Economic Moves: What You Need to Know Now

Key Takeaways Powered by lumidawealth.com Beijing has floated a proposal to the U.S. asking Washington to roll back national‑security barriers to Chinese investment in the U.S. in return for...

Read more

Lawsuit Challenges Trump’s $100,000 H‑1B Fee

by Team Lumida
4 days ago
Trump Delays Reciprocal Tariffs to August 1, Citing Progress in Trade Negotiations

Key Takeaways Powered by lumidawealth.com A coalition led by healthcare‑staffing firm Global Nurse Force and several labor unions filed suit in the Northern District of California to block the...

Read more

Trump Threatens Far‑Reaching Cuts at Federal Agencies

by Team Lumida
5 days ago
Tech Titans Pivot: Silicon Valley’s New Alliance in Trump’s Second Term

Key Takeaways Powered by lumidawealth.com The White House, led by OMB Director Russell Vought, is pursuing plans to use the government shutdown to impose large cuts and potentially dismiss...

Read more

World Food Prices Dip in September as Sugar and Dairy Ease

by Team Lumida
5 days ago
person standing between shelvings

Key Takeaways Powered by lumidawealth.com FAO food price index fell to 128.8 in September from an August revised 129.7, though still 3.4% above year‑ago levels and ~19.6% below the...

Read more

Trump Plans to Use Shutdown to Fire Federal Workers

by Team Lumida
6 days ago
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence

Key Takeaways Powered by lumidawealth.com White House OMB Director Russell Vought signaled imminent mass firings of federal workers as the administration leans into the government shutdown to shrink the...

Read more
Next Post
blue coupe parked beside white wall

Tesla Faces Sales Slump Amid Competition, Political Backlash, and Delayed Innovation

Tech Titans Pivot: Silicon Valley’s New Alliance in Trump’s Second Term

Trump Threatens 10% Tariff on Nations Aligning With BRICS Policies Amid Rising Tensions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

CrowdStrike Holdings, Inc. (CRWD) Q2 2025 Earnings Highlights

CrowdStrike Holdings, Inc. (CRWD) Q2 2025 Earnings Highlights

August 29, 2024
EU and U.S. Agree to Fast-Track Trade Talks After Trump Delays Tariffs

EU and U.S. Agree to Fast-Track Trade Talks After Trump Delays Tariffs

May 27, 2025
China ETFs Outshine Active Funds with 40% Annual Rise

China Signals Resilience Amid U.S. Tariffs with Growth Target and Retaliatory Measures

March 5, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018