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FACT SHEET: Trump’s Big, Ugly Bill Is Already Causing Costs to Spiral For Working Families

By August 21, 2025No Comments

It’s a known fact that Trump and Republicans’ massive tax handouts for their billionaire friends will leave lower income families with even less money and more pain. 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. 

Already, hospitals and clinics are closing in anticipation of losing funding, health care premiums are rising, energy prices are up, students are defaulting on loans, and more. This regressive, anti-family bill ensures that rural hospitals across the country will continue to close as more children, seniors, and veterans go hungry — all while the ultra-wealthy get even richer. 

BY THE NUMBERS

Trump’s big, ugly bill is already: 

  • 🏥 Forcing 15 hospitals and clinics across 7 states to announce their closures, with an additional 330 hospitals and 570 nursing homes currently at risk of closure
  • 🩺 Causing health care premiums to rise by as much as 33 percent
  • ⚡️ Pushing up energy prices by 10 percent
  • 🎓 Causing student loan defaults to rise, with delinquent accounts now comprising up to 10 percent of student loan debt – expected to be 25 percent by the end of the year
  • 🛒 Putting small, independent local grocery stores at risk of closure after ripping away billions in food assistance
  • 🚧 Stalling and shutting down desperately needed transportation projects after cutting more than $2.2 billion in infrastructure development funding
  • 🏚️ Causing affordable housing projects to stall as property owners and developers face rental assistance funding cuts and new hurdles by the Trump administration

HEADLINES