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One Year Of Wins, Losses And Surprises From Trump’s ‘Big Beautiful Bill'
Forbes • • nation
Key Points:
- The "One Big Beautiful Bill Act" (OBBBA), signed by President Donald Trump a year ago, has seen mixed results, with many provisions yet to be fully implemented but some significant impacts already evident.
- Critics argue the OBBBA disproportionately benefits wealthy individuals through tax cuts while offsetting revenue loss with cuts to Medicaid, nutrition assistance, and clean-energy incentives, potentially increasing income inequality.
- All Democrats and three Senate Republicans opposed the bill, citing concerns over Medicaid cuts and the national debt, with Senators Collins and Tillis focusing on constituent harm and Senator Paul on fiscal impact.
- Supporters claim the bill prevents major tax hikes, provides financial certainty, promotes economic growth, and reforms Medicaid by reducing waste and abuse.
