“In my 50 years of following tax and budget policy, I don’t believe I have seen another piece of legislation that would have such broad and deep impacts on virtually every American.” —Steven Rattner, counselor to the Treasury secretary in the Obama administration
Trump’s Big Ugly Bill is a massive transfer of wealth from the poor to the rich in our country. But in addition to breaking our healthcare system, it also allows for rampant federal overreach through the expansion of ICE, making ICE the largest federal law enforcement agency. Most of the cuts to Medicaid will go into effect after the 2026 midterms, cuts to energy tax credits are expected by the end of the year, cuts to Medicare will go into effect before the end of 2025. The impact of the monstrous ICE funding will be seen almost immediately.
Some of the worst elements of the Big Ugly Bill include:
- $150 billion increase to ICE will terrorize our communities
- The rich get richer, the poor get poorer
- Massive cuts to Medicaid, SNAP, and Medicare
- Lead to 51,000 preventable deaths each year
- Roll back clean energy investments and tax credits
- Skyrocketing deficit will hurt the economy
Sources: American Progress, NYT (gift article), NY Governor’s Office, Steve Rattner, MI State Senator McMorrow, Brennan Center
