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From Taxes to Medicaid, 4 Ways Trump's 'Big Beautiful Bill' Could Impact Hoosiers
- The Senate approved President Trump's major budget reconciliation legislation on July 1, 2025, and the measure now moves to the House for a final vote before it can become law.
- The bill extends tax cuts from the 2017 Tax Cuts and Jobs Act, includes new tax deductions for overtime and tipped income, and enforces stricter Medicaid and SNAP work requirements.
- Indiana, with a median household income around $70,000, could see $1,700 in average tax cuts for many Hoosiers, but clean energy credits will expire and access to social safety net programs may decrease.
- Critics like Matt Yglesias warn the bill will balloon the federal deficit, raise living costs, reduce health care access, and strain rural hospitals, while some Hoosier employers welcome overtime tax relief.
- The bill’s outcomes include increased work mandates for SNAP and Medicaid beneficiaries in Indiana and a $50 billion fund for rural hospitals, but uncertainty remains about its final impact on Hoosiers’ benefits.
14 Articles
14 Articles
Minnesota counties worry about cost shifts from Trump's big bill
Minnesota is one of 10 states where counties administer Medicaid and SNAP benefits. St. Louis County estimates it will have to pay an additional $16.4 million to be able to continue providing benefits to residents.
4 ways Trump's 'Big Beautiful Bill' could impact your wallet
President Donald Trump could sign the bill into law by July 4, marking a major achievement for his second term.Anna Moneymaker/Getty ImagesThe "Big Beautiful Bill" is headed to President Donald Trump's desk.It includes a repeal of student loan forgiveness and an increased child tax credit.It also includes new "Trump accounts" and changes to Medicaid and SNAP.From taxes to student loan forgiveness, provisions in President Donald Trump's "Big Beau…
For a long time, the "Big Beautiful Bill" was discussed. Taxes are being permanently reduced and social benefits are being cut, debt is rising. Trump wants to sign the law on Independence Day, which is likely to change the lives of many Americans.
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