Congress has passed President Donald Trump's "Big Beautiful Bill," handing the administration a major legislative victory, but both sides of the aisle have been sending mixed messages about what the legislation will actually do. Republicans have been lauding the bill for its supposed assistance to the middle class, while Democrats say it's primed to help the rich while cutting benefits for the needy.
What did the commentators say? The bill's passage means that "seniors, students, taxpayers, children, parents, low-income Americans and just about everyone else will be affected," said CNN. It includes a $4.5 trillion extension of Trump's enormous first-term tax cuts that would leave the wealthiest households with $12,000 more yearly and the offsetting of "revenue loss and additional spending with cuts to federal support for the social safety net that helps Americans afford food and health insurance," according to the Congressional Budget Office.
Most notable are funding slashes to key programs for low-income Americans, including Medicaid, SNAP benefits and the Affordable Care Act. The version of the bill as passed "cuts federal spending on Medicaid and Affordable Care Act marketplaces by about $1 trillion over a decade," which could "lead to nearly 12 million more people without insurance by 2034," said NPR, citing the CBO estimate.
This would also "harm the finances of hospitals, nursing homes and community health centers," said NPR. Republicans say "concerns are overblown" and they are making both Medicaid and food stamps "more sustainable by targeting waste, fraud and abuse in both programs," said ABC News.
The bill also includes a "key campaign promise: no federal income taxes on tips and overtime," said ABC News. It also phases out tax credits for "solar and wind projects, meaning that development will slow and consumers will face higher prices," said Axios. Funding for the Consumer Financial Protection Bureau has been "slashed by about half," which could "lead to hundreds of job cuts and severely disarm a group that has returned billions to American consumers."
What next? The bill passed the House 218-214 today, sending it to Trump's desk to be signed into law. Its passage is a "major victory for Trump and Republican leadership in Congress," said USA Today. Despite unified opposition to the bill, Democrats "see it as a ticket to winning back congressional majorities in 2026." |