The 'One Big Beautiful Bill Act' passed the House, aiming to overhaul the tax code and cut essential programs for the impoverished. It intends to increase funding for border security and defense, while eliminating taxes on overtime and tips. However, the bill is projected to add substantially to the national debt, potentially resulting in Medicare cuts. The Congressional Budget Office suggests up to 14 million Americans could lose health coverage as a direct consequence. Party lines dominated the vote, reflecting a stark divide over the implications of tax cuts and program cuts on various demographics.
The One Big Beautiful Bill Act proposes $1 trillion in cuts to Medicaid, potentially leading to 14 million Americans losing their health insurance.
The House vote reflected party lines, with Republicans supporting new tax cuts funded by significant cuts to essential services for the poor.
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