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Trump's Tax Law: Wealthy Win, Millions Lose Medicaid and Food Aid

7/9/2025

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Trump's Tax Cuts

President Trump's tax-and-spending law favors the wealthy and corporations with extended tax cuts, while slashing $1 trillion from Medicaid and $186 billion from SNAP. This could jeopardize health coverage for 11.8 million Americans and food assistance for 5 million. Additionally, it earmarks $46.5 billion for a border wall and $45 billion for new detention centers.

Center

Trump Signs Legislation

President Trump has officially signed the "Big Beautiful Bill," a sweeping legislation that not only extends tax cuts but also offers new exemptions for overtime pay and tips, providing a boost for service industry workers. However, the bill's $1 trillion cut to Medicaid and a staggering $4.5 trillion reduction in tax revenues over the next decade has sparked fierce criticism, raising alarms about the future of vital social programs.

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Trump's Tax Cuts

President Trump's tax-and-spending law favors the wealthy and corporations with extended tax cuts, while slashing $1 trillion from Medicaid and $186 billion from SNAP. This could jeopardize health coverage for 11.8 million Americans and food assistance for 5 million. Additionally, it earmarks $46.5 billion for a border wall and $45 billion for new detention centers.

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