Trump signs his tax and spending cut bill at the White House July 4 picnic

WASHINGTON (AP) — President Donald Trump signed his package of tax breaks and spending cuts into law Friday in front of Fourth of July picnickers after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy.

Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation at a desk on the White House driveway, then banged down a gavel gifted to him by House Speaker Mike Johnson that was used during the bill's final passage Thursday.

Against odds that at times seemed improbable, Trump achieved his goal of celebrating a historic — and divisive — legislative victory in time for the nation's birthday, which also was his self-imposed deadline for Congress to send the legislation to his desk. Fighter jets and stealth bombers streaked through the sky over the annual White House Fourth of July picnic.

“America's winning, winning, winning like never before,” Trump said, noting last month's bombing campaign against Iran's nuclear program, which he said the flyover was meant to honor. “Promises made, promises kept, and we've kept them.”

The White House was hung with red, white and blue bunting for the Independence Day festivities. The U.S. Marine Band played patriotic marches — and, in a typical Trumpian touch, tunes by 1980s pop icons Chaka Khan and Huey Lewis. There were three separate flyovers.

Trump spoke for a relatively brief 22 minutes before signing the bill, but was clearly energized as the legislation's passage topped a recent winning streak for his administration. That included the Iran campaign and a series of U.S. Supreme Court rulingshe's fought for.

After dark, chants of “USA, USA” rose from the picnic crowd on the South Lawn when Trump and the first lady, Melania, appeared on the Truman Balcony to watch the fireworks. They danced to “Y.M.C.A.” and waved goodbye to the crowd before they left for their home in New Jersey.

The budget legislation is the president's highest-profile win yet. It includes key campaign pledges like no tax on tips or Social Security income. Trump, who spent an unusual amount of time thanking individual Republican lawmakers who shepherded the measure through Congress, contended “our country is going to be a rocket ship, economically,” because of the legislation.

Critics assailed the package as a giveaway to the rich that will rob millions more lower-income people of their health insurance, food assistance and financial stability.

“Today, Donald Trump signed into law the worst job-killing bill in American history. It will rip health care from 17 million workers to pay for massive tax giveaways to the wealthy and big corporations, amounting to the country’s largest money grab from the working class to the ultra-rich,” AFL-CIO President Liz Shuler said in a statement. “Every member of Congress who voted for this devastating bill picked the pockets of working people to hand billionaires a $5 trillion gift.”

The legislation extends Trump’s 2017 multitrillion-dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion. It provides for a massive increase in immigration enforcement. Congress’ nonpartisan scorekeeper projects that nearly 12 million more people will lose health insurance under the law.

The legislation passed the House on a largely party-line vote Thursday, culminating a monthslong push by the GOP to cram most of its legislative priorities into a single budget bill that could be enacted without Senate Democrats being able to block it indefinitely by filibustering.

It passed by a single vote in the Senate, where North Carolina Republican Thom Tillis announced he would not run for reelection after incurring Trump’s wrath in opposing it. Vance had to cast the tie-breaking vote.

In the House, where two Republicans voted against it, one, conservative maverick Tom Massie of Kentucky, has also become a target of Trump’s well-funded political operation. No Democrats voted for the bill.

The legislation amounts to a repudiation of the agendas of the past two Democratic presidents, Barack Obama and Joe Biden, in rolling back Obama’s Medicaid expansion under his signature health law and Biden’s tax credits for renewable energy.

The Congressional Budget Office estimates the package will add $3.3 trillion to the deficit over the decade and 11.8 million more people will go without health coverage.

Democratic National Committee Chair Ken Martin on Friday called the bill “devastating” and said in a statement that Trump’s signature on the legislation “sealed the fate of the Republican Party, cementing them as the party for billionaires and special interests — not working families.”

He predicted Republicans would lose their majority in Congress over it. “This was a full betrayal of the American people,” Martin said.

Trump complained Friday about Democrats opposing the bill, “and we knew that because their hatred of either the country or me or both is so great they didn't vote at all and it's terrible.”

He said their “standard line” is to say Republican legislation is “dangerous” or “everybody's going to die” and “we can't let them get away with it.” With his bill, Trump said, “it's actually just the opposite, everybody's going to live.”

“And I just want you to know, if you see anything negative put out by Democrats, it's all a con job,” Trump said, defending a package that now is law.

Speaking in Iowa on Thursday night, Trump said Democrats “hate Trump — but I hate them, too.”

The package is certain to be a flashpoint in next year's midterm elections, and Democrats are making ambitious plans for rallies, voter registration drives, attack ads, bus tours and even a multiday vigil, all intended to highlight the most controversial elements.

Upon his return to Washington early Friday, Trump described the package as “very popular,” though polling suggests that public opinion is mixed at best.

For example, a Washington Post/Ipsos poll found that majorities of U.S. adults support increasing the annual child tax credit and eliminating taxes on earnings from tips, and about half support work requirements for some adults who receive Medicaid.

But the poll found majorities oppose reducing federal funding for food assistance to low-income families and spending about $45 billion to build and maintain migrant detention centers. About 60% said it was “unacceptable” that the bill is expected to increase the $36 trillion U.S. debt by more than $3 trillion over the next decade.

President Donald Trump and first lady Melania Trump greet guests after he signed his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump and first lady Melania Trump walk down the steps from the Blue Room Balcony to sign his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

Military aircraft conduct a flyover during a Fourth of July celebration at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Rahmat Gul)

President Donald Trump speaks from the Blue Rom Balcony as first lady Melania Trump listens before he signs his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)

President Donald Trump holds his signed his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

House Speaker Mike Johnson of La., points to President Donald Trump after he signed his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington, surrounded by members of Congress. (AP Photo/Evan Vucci)

President Donald Trump bangs a gavel presented to him by House Speaker Mike Johnson of La., after he signed his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)

President Donald Trump speaks as first lady Melania Trump listens at a picnic for military families at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)

A B-2 bomber and two F-22 fighters conduct a flyover during a Fourth of July celebration at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)

President Donald Trump speaks at a picnic for military families at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)

Speaker of the House Mike Johnson, R-La., center, surrounded by fellow Republicans, signs President Donald Trump's signature bill of tax breaks and spending cuts, Thursday, July 3, 2025, at the Capitol in Washington. (AP Photo/Mariam Zuhaib)

President Donald Trump arrives to speak at a rally at the Iowa State Fairgrounds, Thursday, July 3, 2025, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)

MIAMI--(BUSINESS WIRE)--Jan 13, 2026--

For decades, battery manufacturing has stood still despite advances in battery chemistry. Today, Material Hybrid Manufacturing Inc. (MATERIAL) announces it has raised $7.1 million in Seed funding, co-led by Outlander VC and Harpoon Ventures, with participation from GoAhead Ventures, Myelin VC, Demos Capital and Giant Step Capital, to break this stagnation and usher in a new era of energy design.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260112647458/en/

Dead space is dead

MATERIAL’s proprietary HYBRID3D™ technology prints energy directly into a component of any shape and size, removing the barriers between design intent and manufacturing reality. This category-defining method produces batteries which adopt the shape of the object rather than forcing the object to accommodate a rigid, cylindrical or pouch cell. The platform unites multiple advanced additive and semiconductor manufacturing techniques to print energy into the very structure of a device.

“The world doesn't need another breakthrough in battery chemistry; it needs a breakthrough in how we make energy storage,” said Gabe Elias, CEO of MATERIAL and 7-time Formula One World Champion design engineer. “We are building the tools to make electrical energy formless. Whether it’s filling the hollow profile of a fixed-wing drone or conforming to the body of a wearable device user, our platform allows electrical power to behave like a fuel design element. Our technology allows us to deploy anywhere and print exactly what the application demands.”

Validating the Mission: $1.25M Air Force Contract

Already demonstrating its value proposition, MATERIAL is currently partnering with the United States Air Force to execute a Phase II Small Business Innovation Research (SBIR) award for a $1.25 million project.

As part of this project, MATERIAL is collaborating with PDW and other leading U.S. defense developers to integrate conformal batteries directly into Class I unmanned aerial systems (UAS). By eliminating the "dead space" inherent in standard cylindrical cell arrays, MATERIAL’s technology is projected to dramatically increase pack-level energy densities by over 50% and reduce module weight by more than 22 percent for this study.

“MATERIAL’s ability to tailor battery geometry to our airframe would allow us to push endurance and payload limits further,” said Darsan Patel, Director of Product Design at PDW. “Conformal energy technology bridges the gap between rapid prototyping and field-ready performance.”

This partnership is an initial step towards edge manufacturing and domestic supply chain stability, in which MATERIAL would be able to deploy containerized units to produce mission-critical power supplies on demand, breaking reliance on fragile global supply chains.

Giving investors a reason to believe

“MATERIAL is creating an entirely new paradigm for the battery industry,” said Jordan Kretchmer, Senior Partner at Outlander VC. “Gabe and his team aren’t competing with gigafactories; they are rendering them obsolete for high-performance applications by enabling batteries to be designed around any product structure, instead of the structure having to be designed around the battery. This is the category-defining shift Outlander lives to back.”

Harpoon Ventures, utilizing its "Freedom Stack" thesis, identifies MATERIAL as a critical node for national resilience. “We invest in companies that give the U.S. and its allies an unfair technological advantage,” said Larsen Jensen, Founder and General Partner at Harpoon Ventures. “Current defense platforms are strangled by the geometry of commercial batteries. MATERIAL eliminates that constraint. Their ability to decouple energy storage from rigid form factors is a game-changer for our national industrial base. This is what manufacturing sovereignty looks like.”

Unlimited power, unlimited commercial possibility

On the commercial side, MATERIAL is working with consumer electronics partners on next-generation products. Additional pilots are underway across mobility, robotics, and wearables.

About Material Hybrid Manufacturing Inc.

Material Hybrid Manufacturing Inc. is rewriting the rules of energy storage. Its core technology, HYBRID3D™, is a chemistry-agnostic platform that 3D prints full-stack batteries in custom geometries. By merging the precision of semiconductor manufacturing with the flexibility of additive techniques, MATERIAL enables the creation of conformal batteries that fit seamlessly into the structure of any device. Headquartered in Miami, FL, MATERIAL is teaching the world how to manufacture autonomy.

For more information, visit www.material.inc.

From left: Founders Miles Dotson, Gabe Elias and Christopher Reyes, PhD