First Lady Melania Trump celebrated the Fourth of July, which coincided with the signing of President Trump’s “Big, Beautiful Bill,” by emulating her husband’s signature dance on the balcony of the White House.
Melania struck a pose as she shimmied alongside the president while winding down their Independence Day celebrations.
The “Trump Dance” consists of the commander-in-chief rhythmically punching the air while swaying his hips, oftentimes to songs featured at many of his campaign rallies, like the “Y.M.C.A.”


The president was showing off his moves Friday when his wife joined along as the two rocked the night away.
Melania waved her open palms up and down as she bounced on her feet while Trump watched on adoringly.
Trump celebrated America’s 249th Independence Day by signing his sweeping “One Big Beautiful Bill Act” into law.



Many MAGA fanatics have taken to using Trump’s dance to ring in monumental celebrations, including his second-term victory in November as a flash mob overtook Staten Island.
Athletes too, namely those with UFC and WWE, started to adopt the moves as a victory dance.
1️⃣ SALT — Surprisingly, the Senate largely followed the House with the new SALT cap increase, going from $10,000 to $40,000 for those making less than $500,000, with the income threshold rising 1% a year for inflation. And it preserves the pass-through entity loophole.
2️⃣ Qualified Small Business Stock – Entrepreneurs and investors in small businesses will cheer a change in the QSBS, designed to encourage small business investment and creation. The bill raises the threshold to qualify as a “small business” from $50 million to $75 million and increases the exclusion from $10 million to $15 million.
3️⃣ The estate and gift tax – Maybe the best news of all for the wealthy: the estate and gift tax exemption would increase to $15 million or $30 million for couples. It will be made permanent, and the exemption will be indexed for inflation.
4️⃣ Itemized deductions –Taxpayers in the top bracket will have to subtract 2/37th from the value of each dollar deducted over the threshold. The net effect is that top taxpayers will only get a deduction benefit of 35 cents for every dollar, rather than 37 cents.
5️⃣ Philanthropy –The bill decreases the value of the charitable deduction for high-income taxpayers by capping itemized deductions and sets a new 0.5% floor for the itemized charitable deduction. So someone with $1 million in adjusted gross income wouldn’t get a tax break on the first $5,000 of donations.
The Big Beautiful Bill Act cuts incentives for renewable energy, but adds more subsidies for promoting fossil fuels. For example, the law slashes the royalties that producers pay the government for pumping oil and gas on federal lands, encouraging higher output.
The law also spurs oil companies to use the carbon capture tax credit to produce more crude. The tax credit was designed to support nascent technology that captures carbon emissions and stores them underground. Under Trump’s bill, producers would receive an increased tax benefit for injecting those emissions into wells to produce more oil.
Ironically, we’ve talked in class about how the oil industry is hesitant to “drill, baby, drill” because it expands supply and reduces prices and profits. Recall how the Middle East can produce oil so much cheaper than the U.S., so we need high oil prices to keep U.S. oil economically viable.
So America will focus on oil and gas, while the rest of the world moves toward renewable energy and electric vehicles.
• High-earning tax payers
•Oil and gas industry
•ICE (Immigration and Customs Enforcement)
•Military (more spending)
•Alaska (provisions in the bill, aimed at buying off the vote of Senator Lisa Murkowski, benefit fisherman and whalers in Alaska, and exempt Alaska from cuts in social services—mind you, almost no one lives in Alaska and as far as I’m concerned it should be sold to Canada to raise money for universal healthcare)
Losers:
•Medicaid and Food Stamp Recipients (Trump promised not to cut Medicaid, and he did—there is a schism between Trump’s voter base, mainly working class, and pre-Trump era Republican ideology around offering minimal government services, big question is whether Republicans gets punished for this in midterm elections, I wouldn’t count on it)
•Rural Hospitals
•Clean Energy Industry
•Those Concerned About the Deficit (despite messaging from Republicans, this law increases the deficit/debt)
•Those holding US dollars (see above re: deficit)
✅ Winners:
- Multimillionaires and wealthy families: Estate tax exemption increases to $15M per person and $30M per couple. 2017 tax cuts made permanent.
- Private equity & venture capital: Carried interest loophole preserved.
- Manufacturers and fossil fuels: Bonus depreciation and R&D credits made permanent. Oil & gas get more drilling access.
- Small business owners: Pass-through 20% deduction now permanent.
- Parents: Higher child tax credit & $1,000 “Trump baby accounts.”
- Defence contractors & space industry: Big increases in spending.
- Telecom & 5G players: Huge auction of radio spectrum.
- Car dealers: Interest on loans for US-made cars is deductible.
❌ Losers:
- Low-income Americans: Cuts to Medicaid & food stamps, new work requirements.
- Renewables & EVs: Climate credits rolled back, EV subsidies eliminated.
- Elite universities: Endowment taxes jump to as high as 8%.
- Immigrants: New 1% tax on remittances, limits on ACA premium credits.
- Gamblers: Can only deduct 90% of losses, increasing taxable income.
- Some tech giants: State-level AI regulation ban removed, opening door to patchwork rules.
👉 Bottom line: Big wins for investors, private capital, fossil fuels, and defence. Tougher terrain ahead for low-income households, clean energy, immigrants, and the next generation of tech.
Macy’s Fireworks, New York City#Happy4thofJuly #4thofJuly #4thofjuly2025 pic.twitter.com/EnoYUErNOj
— NewYorkCityKopp (@newyorkcitykopp) July 5, 2025
A beautiful view from the bow of the “Father Dan” fireboat. Thank you to all agencies working today to make the July 4th 2025 fireworks event safe & organized. pic.twitter.com/DWI6lC9mhm
— Boston Fire Dept. (@BostonFire) July 5, 2025
Gavin Newsom to California on July 4 during covid: NO fireworks!
— Cari Kelemen (@KelemenCari) July 5, 2025
Los Angeles:
pic.twitter.com/LOzMaRXQmy
There’s an amazing amount of fireworks across Chicago tonight. You love to see it. Happy Fourth! pic.twitter.com/V1oZ2ZE9Wf
— David French (@DavidAFrench) July 5, 2025
🎆 Fireworks light up the Philly sky!
— DAZN Football (@DAZNFootball) July 5, 2025
Independence Day celebrations outside Lincoln Financial Field — football meets the Fourth of July 🇺🇸 pic.twitter.com/pGmkufBT3D
Fireworks from Miami Beach and Key Biscayne pic.twitter.com/QNrghy2I7X
— Trini in the City of Miami (@High_Rise_Trini) July 5, 2025