Estimates for the increase in number of uninsured people by 2034; how many people could lose some or all SNAP benefits; and the number of jobs at risk due to elimination of clean energy tax credits under the One, Big, Beautiful Bill Act.
Last week, House Republicans released long-awaited tax and budget proposals that would provide the top 5 percent of taxpayers with about $1.5 trillion in tax breaks. This windfall for the ultrawealthy would be paid for by gutting programs that create American jobs and help Americans afford the cost of basic needs, such as health care and groceries. If enacted, the bill would amount to the largest cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP) in history; kill jobs; and jack up the cost of living in every region of the country. It’s no wonder a new analysis by the nonpartisan Congressional Budget Office (CBO) finds that the bill reduces resources for the poorest households while increasing them for the highest earners.
