What’s Happening:
President Trump and Republicans in Congress are pushing a sweeping budget plan that will have big impacts on every American. Only 30% of Americans have heard a lot about the bill, so here’s a straightforward, no-spin guide to the key elements of the bill.
So, what’s in it?
- The bill includes very large cuts to health care funding, especially Medicaid and the ACA (Congressional Budget Office)
- The bill makes large cuts to food assistance for families and school meals for kids (Congressional Budget Office)
- The bill includes trillions in tax breaks, most of which go to the wealthy and large corporations (Joint Committee on Taxation)
What’s The Impact?
🏥 Millions will lose health care
- At least 16 million people will lose their health insurance, including children, veterans, and seniors. (Congressional Budget Office)
- Rural hospitals across the country will close (American Hospital Association)
🍎 People will go hungry
- 3 million Americans will lose access to food assistance. (Congressional Budget Office)
- School meals for 18 million kids will be at risk. (Urban Institute)
⬆️ Cost of living will go up
- Costs will rise for 80 million poor- and middle-class households. (Wharton)
- Energy costs will go up for millions of Americans (Clean Energy Buyers Association)
- Housing will become even more unaffordable. (Yale Budget Lab)
💰 The rich get even richer
- Households making over $5 million a year will receive an average of $400,000 in annual tax breaks. (Tax Policy Center)
- The bill will benefit the top 10% of Americans while hurting the poorest 40% (Congressional Budget Office)
