Government Spending and Debt - The Congressional Budget Office estimates President Trump's bill will add over $4 trillion to the national debt over the next decade [1] - In 2019, the US spent $60 billion on SNAP, which increased to $100 billion during COVID, but has returned to 2019 levels [1] - $450 million in FEMA funds are being reallocated to open alligator Alcatraz, and $600 million in taxpayer FEMA dollars are being used to open more concentration camps [1] Political and Policy Implications - Republican lawmakers dismissed warnings about the bill's impact, arguing it would boost the economy more than predicted [1] - The White House is focused on the midterms and communicating to Republicans how to defend the bill and the president's actions [4][6] - Millions could lose access to Medicaid and food assistance programs due to the cuts [7] - The White House is framing the Medicaid cuts as reducing waste, fraud, and abuse [9] Trade and Investment - President Trump lowered a threatened 25% tariff on South Korea to 15% after they agreed to make $350 billion in investments in the US and purchase $100 billion of liquified natural gas [12] - Japan will establish a $550 billion fund for investments in the United States [13] - The European Union indicated its companies were poised to invest at least $600 billion [14]

Young children who receive SNAP live longer, earn more and stay out of jail at greater rates than those who do not. Yet big changes to the food-benefit programme are coming https://t.co/vdMSBpG0Il ...

Young children who receive SNAP live longer, earn more and stay out of jail at greater rates than those who do not. Yet big changes to the food-benefit programme are coming https://t.co/96htewHjRk ...

About 42m Americans use SNAP, formerly known as food stamps. With a reduction in federal funding, one state will be hit particularly hard https://t.co/08MM4YGtOMPhoto: Erin Schaff/The New York Times/Redux/Eyevine https://t.co/mkb9SqcorP ...

National Republican Senatorial Committee Chair Tim Scott is warning that the polling on President Trump's so-called big beautiful bill is just breaking even. Those are his words. New reporting from Semaphore says Scott is urging colleagues to promote pieces of the Republicans's new tax and spending law rather than the proposal writ large to help boost popularity with the public. The bill includes massive tax cuts as well as extra spending on defense and stricter immigration policies, but it attempts to offs ...

Joining us now, director of economics at the budget lab at Yale, Ernie Tedeski, and former Democratic congressman and vote senior adviser Max Rose. Denver is still with us. Mr.. Tedeski, tell me, um, when JD Vance goes and sells this bill, is he is he being honest about it by not laying out fully what it's going to mean for Medicaid? So, this bill is going to have costs and benefits to people. You know what we found at the budget lab was that if you just focus on the tax bill, um it's a major transfer of re ...

Government Spending Cuts - The bill includes approximately $8 billion in cuts to PBS and around $1 billion in cuts to foreign aid [3] - Medicaid cuts are strategically designed to become binding after the midterms [11] - Over $500 billion in Medicare cuts will begin in January [13] Healthcare Impact - A health clinic and hospital in a rural area in Nebraska are closing due to Medicaid cuts [10] - CBO estimates that approximately 5 million Americans will lose their healthcare coverage who are currently on the ACA, starting in January [13] Social Program Changes - Changes to SNAP will cause millions of people to lose their nutrition assistance, starting earlier than next December [14] Political Landscape - The legislation is considered the single most unpopular major piece of legislation to pass Congress in recent history [9] - The bulk of the cuts will not take effect until a few weeks after the 2026 midterm election [12]

Medicaid Coverage & Healthcare Access - Congressional Budget Office estimates 138,000 to 175,000 Connecticut residents could lose Medicaid coverage due to the new legislation [1][2] - The legislation may cause families, including veterans with 100% disability, to lose healthcare coverage and SNAP benefits, potentially impacting their ability to afford groceries [3] - Urban and rural hospitals in Connecticut, particularly those heavily reliant on Medicaid reimbursements, may face potential closures or service cuts [8][9][10] - Cutting healthcare access leads to increased uncompensated care costs as people delay treatment and rely on emergency rooms [12] State & Federal Fiscal Impact - The federal government is cutting $50 million from after-school programs and reducing fresh produce availability at food banks [5] - The federal deficit is projected to increase by $3 trillion to $5 trillion [5] - Connecticut has set aside approximately $4 billion in a "rainy day fund" to protect vulnerable populations from potential cuts in Medicaid and education spending [17] Political & Electoral Implications - The Trump administration's policies may disproportionately affect working-class individuals who supported President Trump, creating a need for justification of the policies [16] - Republican governors may face challenges in addressing the impact of these cuts on their constituents, many of whom voted for President Trump [13][15] - Blue states may be more affected by Medicaid cuts compared to red states, which received $50 billion for their hospitals [11]

Trump's tax law gives billionaires a break right away — but buries brutal Medicaid and SNAP cuts until after the 2026 midterms, writes @MaryEllenKlas (via @opinion) https://t.co/k5efWDfqTz ...

We made uh promises and it's really promises made, promises kept and we've kept them. This is a triumph of democracy on the birthday of democracy and I have to say that the people are happy. They're happy.President Trump taking a bit of a victory lap after the Republican controlled Congress narrowly passed his one big beautiful bill. And while Americans may benefit from certain parts of the legislation in the short term, it may be years before they feel the pain from some of its more controversial provision ...