Nevertheless,
One big beautiful bill |:
Posted at 5:00 a.m.
Medicaid in the viewfinder – One big beautiful bill |
The new law will slash Medicaid. Moreover, this program which currently covers the medical expenses of 70 million disadvantaged Americans. Furthermore, From 2026. Therefore, within 10 years, it is estimated that nearly one big beautiful bill | 12 million Americans could be deprived of it, a puncture never seen since the creation of the program in the 1960s. Meanwhile, Oncologists predict that the law will lead to several deaths because some people with cancer will no longer be. Consequently, able to afford expensive treatments. Similarly, Note also that the law plans to penalize the 14 states. However, the Columbia district which draw from their own funds to cover medical care of 1.4 million immigrants deemed “illegal” by the Trump administration.
Tax cuts. debt increase – One big beautiful bill |
The bill provides for the extension of major tax cuts adopted during Donald Trump’s first mandate. “He avoids increases in substantial taxes that were approaching. ” said Rafael Jacob, a researcher associated with the Raoul-Dandurand Chair of the University of Quebec in Montreal. It is that several of the clauses of the tax on one big beautiful bill | taxation – which were temporary – are about. to reach due. The bill also provides for the end of the tax and overtime tax. According to an economist of a think tank conservative quoted by the New York Timesthe extension of Trump’s tax. credits could lead American debt to become twice as large as the American economy within 30 years.
Food aid cuts
The law will reduce the SNAP (Nutritional Assistance Program) to which 40 million people use. New York State authorities. where there are 300,000 beneficiaries of this program, believe that American families who depend on it will lose an average of US $ 220 each month. Washington hopes, through these cuts, to save 230 billion over 10 years. In March. the Department of Agriculture had already suspended certain food for food, worth 500 million US, intended for food banks one big beautiful bill | in the country.
PHOTO MADDIE MCGARVEY. ARCHIVES THE NEW YORK TIMES
Food distribution in the city of Charleston, in Virginia-Western
End of electric cars tax credits
It will be the end of the tax credits of US $ 7,500 that helped Americans buy new electric cars (and US $ 4,000 for those opted for used electric cars). As the end of these tax credits will sound in September 2025. experts believe that it could be a rush to electric vehicles this summer.
100 billion for immigration and customs
The immigration and customs one big beautiful bill | service currently has a budget of 10 billion. According to the latest version of the bill. it would receive an infusion of more than 100 billion additional by 2029: 45 billion would go to the detention centers for immigrants considered illegal, 46 billion to secure the border with Mexico and some 14 billion in expulsion operations. Funds are also planned to hire 10,000 additional expulsion agents.
PHOTO ERIC THAYER. ARCHIVES BLOOMBERG
A migrant is put into detention by border agents from the United States near the Mexican border last September.
Advantage the rich, harm the poor?
For Rafael Jacob, difficult to one big beautiful bill | conclude it. The bill is a mammoth, full of ramifications. But whether we agree. not with his mind, he says, the idea, a bit like the reform of social assistance in the 1990s, is to bring people who are able to work there. Thus, the Americans who will work at least 80 hours a month will not be removed their Medicaid. In addition. a waitress who could be advantaged because her tips will no longer be imposed will be far from necessarily winning if she also loses her coverage Medicaid, observes Rafael Jacob. According to an analysis of the LAB budget of the Yale University. tax cuts and Medicaid changes and the food aid program would lead to a loss of income of 2.9 % (around US $ 700) for the poorest quintile of income and a gain of 1.9 % (around $ 30,000) for the richest 1 % of one big beautiful bill | Americans.
Further reading: Two five -year annuities thanks to Eurodreams – H&M sees its profit drop by 22% in the second quarter – Showed by a digital services tax, Trump puts an end to commercial negotiations with Canada – OECD minimum tax agreement: the United States exempt – Belfius and Kepler Cheuvreux expand their strategic collaboration.
