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.

President Donald Trump on Friday signed into law his sweeping tax cut and spending package, what he’s called the “big, beautiful bill,” in a Fourth of July ceremony packaged with patriotic pomp and symbolism.

The bill modestly and permanently raises the maximum amount of the child tax credit from $2,000 to $2,200 per child under the age of 17 and requires at least one parent to have a Social Security number. Those with lower incomes will not benefit as much because they make too little and the tax credit is not fully refundable.