US President Donald Trump’s “Big Beautiful Bill” was signed into law on July 4. While it didn’t impose a moratorium on state-level artificial intelligence laws as anticipated, it did include a substantial 35% tax credit for semiconductor manufacturers.

Whether the American public comes to see the “Big Beautiful Bill” as “beautiful” remains to be seen. A June 26 Quinnipiac poll found 29% of voters support the bill, 55% opposed it, and 16% did not have an opinion. What’s clear is that Democrats will hold the bill against Trump during the 2026 midterm election campaign season.

President Donald Trump signed a sweeping piece of legislation that includes several of his campaign promises, including no tax on overtime or tips.