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Trump's Tax Cuts Could Slash Medicaid, Risk $3.4T Deficit

8/6/2025

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Summary

Story summary

President Trump's latest tax cuts and spending bill could balloon the national deficit by a staggering $3.4 trillion in the next ten years. This alarming financial shift threatens vital programs like Medicaid and SNAP, putting rural hospitals at risk of closure and jeopardizing essential benefits for millions, especially in states like California, New York, and Texas.

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Story summary

President Trump's latest tax cuts and spending bill could balloon the national deficit by a staggering $3.4 trillion in the next ten years. This alarming financial shift threatens vital programs like Medicaid and SNAP, putting rural hospitals at risk of closure and jeopardizing essential benefits for millions, especially in states like California, New York, and Texas.