The House's approval of President Trump's tax cuts and spending package marks a pivotal shift in U.S. fiscal policy. While promising substantial tax relief and increased national security funding, the legislation's financing through significant federal safety net reductions raises concerns about its impact on the most vulnerable Americans.

President Trump is expected to sign the so-called "big, beautiful bill" in a ceremony on Friday at the White House to coincide with the July 4 holiday.It comes after the House approved the measure on Thursday.