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How Would Trump's 'Big Beautiful Bill' Impact Illinois?

ILLINOIS, UNITED STATES, JUL 12 – The bill includes $4.5 trillion in tax cuts, extends 2017 tax reforms, cuts Medicaid by over $1 trillion, and rolls back Biden-era climate policies, increasing the deficit by $3.3 trillion.

  • Senator Thom Tillis announced his retirement after facing pressure from Donald Trump regarding support for his "Big, Beautiful Bill" that threatens many conservative Republicans, indicating a shift in party loyalty dynamics.
  • The "One Big, Beautiful Bill Act" signed by Trump on July 4, 2025, extends tax cuts and is projected to increase the national deficit by $3.4 trillion over the next decade while significantly impacting Medicaid.
  • Arizona residents are expected to lose healthcare after the bill cuts $1 trillion from Medicaid, affecting over 2 million people, according to the state's health department.
  • The new law will eliminate crucial subsidies for renewable energy, hindering the growth of clean energy technologies in the United States and undermining previous industrial policy efforts, as mentioned by various experts.
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Herald & Review broke the news in on Friday, July 4, 2025.
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