This week, the nonpartisan Congressional Budget Office (CBO) released an analysis confirming that Trump and Republicans’ massive tax handouts for their billionaire friends will leave lower income families with even less money. Trump’s big, ugly disaster of a bill guts Medicaid, kicks over 15 million people off their health insurance, takes food assistance away from millions of Americans, raises energy bills by hundreds of dollars per year, and increases the national debt by trillions of dollars. This regressive, anti-family bill ensures that rural hospitals across the country will close and children, seniors, and veterans will go hungry — all while the ultra-wealthy get even richer.
BY THE NUMBERS
According to the new CBO analysis, Trump’s so-called big, beautiful bill:
- 🩺 Kicks more than 15 million people off their health insurance and cuts nearly $1 trillion from Medicaid.
- 🏥 Will force over 330 hospitals and 570 nursing homes to close across the country.
- 📈 Raises health care costs for tens of millions of low- and middle-income Americans.
- 🔌 Raises energy costs up to 18 percent for everyone.
- 🔋 Kills millions of jobs in clean energy.
- 🥗 Takes food assistance away from about 4 million Americans.
- 🏫 Eliminates school meal access for 1 million kids.
- 🌧️ Slashes millions in weather forecasting funding.
- 💸 Adds $4.1 trillion to the deficit.
…all to line the pockets of Trump and his billionaire friends.
HEADLINES
- The Hill: Budget Office Says GOP’s ‘Big, Beautiful Bill’ Will Make Rich Richer, Poor Poorer
- Associated Press: Trump’s Tax Law Will Mostly Benefit The Rich, While Leaving Poorer Americans With Less, CBO Says
- The New York Times: Richest Gain Most and Poorest Face Steepest Cuts Under G.O.P. Law, Analysis Finds
- USA Today: Millions Will Lose Medicaid Under Trump’s Tax Law. Here’s The Final Tally.
- CNN: 2.4 Million People Expected To Lose Food Stamps After Trump Agenda Law Broadened Work Requirements, CBO Says