U.S. President Donald Trump celebrated the passage of his key national policy bill, known as the 'One Big Beautiful Bill,' during the 'Celebration of the Pledge to America' event held in Des Moines, Iowa, on the 3rd (local time) a day before Independence Day, calling it 'the best birthday gift America could have.'
President Trump said on that day, 'Just a few hours ago, Congress passed the One Big Beautiful Bill to make America great again,' and added, 'There is no better Independence Day gift than this.'
He claimed that the bill includes 'the largest tax cut in American history, the largest reduction in (federal government) expenditures, and the largest investment in border security,' stating, 'I have kept all the promises I made during my 2024 Iowa campaign.'
President Trump emphasized the bill's significance throughout his speech. He said, 'This bill will ignite economic growth of trillions of dollars and increase the real income of average households by more than $10,000 a year,' adding, 'America has become the most 'hot' country in the world now.'
He cited the abolition of the inheritance tax as a major achievement. He stated, 'Now, more than 2,000 family farms in Iowa, valued at $2 billion, will no longer have to close because of taxes,' and added, 'When I pass the farm to my children after I die, they will no longer have to pay the 'death tax.'
President Trump declared, 'This bill is a declaration of independence from excessive taxation, excessive regulation, radical left bureaucracy, and the largest foreign illegal immigration crisis in American history,' and called it 'the starting point to end America's decline and regain full independence.'
He also noted, 'Not a single Democratic member supported us for everything we have done, including tax cuts and military rebuilding,' stating, 'We believe we will use this in next year's midterm elections.' This was a criticism of the fact that all Democratic members voted against the bill in the U.S. House of Representatives.
President Trump is scheduled to hold an official bill-signing ceremony at the White House on the 4th, which is U.S. Independence Day, inviting all Republican members of both the House and Senate.