Donald Trump's approval rating stands at 42 percent in new CNN polling, with 58 percent disapproving. Only 39 percent approve of his spending bill with 61 percent disapproving. Yet the president still has 88 percent approval with Republicans.

President Donald Trump’s “big, beautiful bill,” which he signed into law earlier this month, includes major wins for business interests that carried out aggressive lobbying campaigns on Capitol Hill to secure favorable treatment for their industries.

The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.