The ever-encumbered House Speaker Mike Johnson and his charges are in familiar territory: scrambling to pass the “big, beautiful bill”—which would extend several tax breaks enacted during the first Trump administration—amid the perennial factional infighting for which the GOP caucus has become known. Despite their ostensible desire to reduce the federal debt, the nonpartisan Congressional Budget Office found that they may accomplish the opposite of that goal: It estimated that the measure would increase the federal deficit by $2.3 trillion over 10 years, triggering automatic cuts to Medicare absent congressional action. This would be in direct contradiction to Trump’s promises not to touch Medicare, a crucial campaign pledge.
The CBO’s findings were echoed by researchers at the University of Pennsylvania’s Wharton School of Business last Friday, whose budget model revealed that those in the lowest income quintile (annual income of $17,000 or less) would see their after-tax income cut by $1,035. Meanwhile, those in the top 0.1 percent of earners would take home an additional $389,280.
Republicans argue that by tightening Medicaid and SNAP work requirements for able-bodied adults without dependents, they will be reducing the amount of fraud in the program—but evidence suggests that work requirements are more likely to result in people losing coverage without a corresponding meaningful boost in employment. A new report by the Urban Institute found that the work requirements included in the House bill would lead to 5.4 million people losing all or most of their SNAP benefits. The bill would also shift a significant percentage of the cost of SNAP to the states, which would put a strain on state budgets and likely result in losses in benefits.
“Whatever Republican policymakers may think, these policies aren’t popular with the public because they aren’t consistent with core American values, which include helping people when they fall on tough times and expecting wealthy people to pay their fair share,” Sharon Parrott, the president of the left-leaning CBPP, said in a statement.
“That argument is both morally wrong and politically suicidal,” Hawley wrote.
“The House of Representatives should immediately pass this bill to show the American people that they are serious about ‘promises made, promises kept.’ President Trump is committed to keeping his promises, and failure to pass this bill would be the ultimate betrayal,” the White House said in a statement Wednesday.
Read More Details
Finally We wish PressBee provided you with enough information of ( Here Are the Worst Things in Trump’s Big, Beautiful Bill )
Also on site :