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Published 27 days ago • loading... • Updated 27 days ago
Trump Skips Anniversary of Big Beautiful Bill
One year after President Donald Trump signed the One Big Beautiful Bill Act, the legislation faces mounting criticism over safety-net cuts, challenging its status as a signature legislative achievement.
While the law, known as OBBBA, provides tax cuts for about 85% of filers, it slashes roughly $1.2 trillion from Medicaid and nearly $187 billion from food stamps over a decade.
According to the Congressional Budget Office , the legislation will leave 7.5 million more people without coverage by 2034, while rural areas are expected to lose an estimated $137 billion in federal Medicaid funding over a decade.
In midterm campaigns, Democrats are leveraging these cutbacks, while Republicans like Rep. Tom Barrett defend the law by citing average refunds that jumped 11% to more than $3,400 this past tax filing season.
As Election Day nears, both parties are preparing for a robust campaign as Democrats frame the legislation as a "political loser" for swing-seat Republicans, setting the stage for a sharp policy clash.
U.S. President Donald Trump commemorated the 250th anniversary of the nation's founding on July 4 with a speech in which he boasted of a booming stock market, urged electoral reforms and praised the...