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Analysis: How Trump’s megabill transfers wealth in the US

  • House Republicans passed a large tax and spending bill dubbed a 'one big, beautiful bill' in late May 2025.
  • The bill combines significant tax cuts primarily benefiting the wealthy with deep cuts to Medicaid and food assistance programs amid political disputes.
  • Multiple analyses project the bill will increase the deficit by over $3 trillion, reduce Medicaid spending by nearly $700 billion, and cut $267 billion from food stamps over ten years.
  • An independent study estimates the average household will save about $2,900 in federal taxes while the top 20% of earners receive 60% of tax cuts and the top 5% over a third.
  • The bill is expected to worsen financial outcomes for millions by pushing them off aid programs, adding to the national debt, and faces uncertain passage in the Senate.
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Analysis by Tami Luhby and Zachary B. Wolf, CNN It took intense pressure from President Donald Trump, a late night of work, and a vote on a bill whose final changes were still unknown to many, but House Republicans got it done. They passed their version of a “one big, beautiful bill”—a massive initiative that combines tax cuts with new provisions that will leave many people without Medicaid or food assistance.

·Idaho Falls, United States
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  • 73% of the sources are Center
73% Center
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nebula.tv broke the news in on Saturday, May 24, 2025.
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