It’s been less than a month since President Donald Trump signed the so-called ‘One Big Beautiful Bill’ into law, and some states are already bracing for the fallout.
The major tax cuts and spending package is projected to increase the national deficit by $3.4 trillion over the next decade, according to the Congressional Budget Office (CBO). To fund the new tax cuts, the legislation cuts funding for key programs, including Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
