US President Donald Trump has signed a sweeping tax and spending bill into law on July 5, which includes significant tax cuts and increased defense spending.

• The bill passed Congress by a narrow margin of 218 to 214, with only two Republicans opposing it.
• The legislation features an 870-page package including extensions to 2017 tax cuts, steep cuts to Medicaid, and a $150 billion budget increase for defense.
• Polling shows only 29% of the public supports the bill, amid concerns it mainly benefits higher-income Americans.