Americans are already struggling with high prices and economic uncertainty thanks to President Donald Trump’s sweeping tariffs. Congressional Republicans are proposing to make life even less affordable by passing the One Big Beautiful Bill Act. This legislation would enact the largest cuts to Medicaid and food assistance in American history, increase gas and electricity prices, and add trillions to the federal debt while providing new tax breaks that overwhelmingly benefit the wealthiest Americans. If enacted, the bill would initiate the largest transfer of wealth from working-class Americans to the ultrawealthy in history. The Center for American Progress is working to highlight the countless harms Americans would suffer under congressional Republicans’ extreme tax and budget proposals.
Medicare Negotiation Is Working, but the Trump Administration’s Rollbacks Diminish Potential Savings
The second round of Medicare’s drug-price negotiations shows that the Inflation Reduction Act is lowering costs, but the Big Beautiful Bill weakens its potential—protecting drug company profits at patients’ expense.
7 Ways the Big Beautiful Bill Cuts Taxes for the Rich
Overall, the Big Beautiful Bill will harm poor Americans and raise the incomes of rich Americans—driving gains for the rich through cuts to marginal tax rates and the estate tax, along with tax breaks for businesses, business owners, and investors.
How Congress can still get health care subsidies in place for 2026
In an op-ed published by STAT, Emily urges Congress to extend the enhanced tax credits into 2026 while also outlining several other concrete actions the federal government could take to make health care more affordable.
Residents of 49 States and Washington, D.C., Face Increasing Electric and Natural Gas Bills
This updated utility rate tracker shows rate increases or proposals set to go into effect over the next two years that, coupled with Trump administration actions, could mean that households and businesses see even higher utility bills over the next few years.
CAP Comments on Regulations for New Loan Limits, Repayment Plans, and Program Accountability Metrics
The Center for American Progress submitted comments to the Department of Education recommending measures to protect student loan borrowers and strengthen the quality of postsecondary programs.
Medical Loss Ratio Reform Can Help Curb Corporate Power and Lower Health Care Costs
The medical loss ratio was designed to safeguard consumers by limiting insurer profits, but consolidation and loopholes have weakened its impact. Reform is needed to restore accountability and to make health care more affordable.
What To Know Before September’s Jobs Day Report: Falling Wages and Stalling Employment Growth
In August, women held up the economy while their wages faltered in industries such as health care. Will the September Employment Situation report show more of the same?
The Trump Administration Cancels Food Insecurity Report, Masking Harms of Historic SNAP Cuts
Eliminating the data measuring hungry Americans’ access to food will make it easier for the Trump administration to hide the impacts of the One Big Beautiful Bill Act.
Congressional Republicans’ One Big Beautiful Bill Act Creates an Unaccountable Slush Fund for the Trump Administration’s Deportation Force
The OBBBA pumps $75 billion into ICE with no guardrails, supercharging the Trump administration’s massive, indiscriminate deportation agenda that is operating without accountability and threatening local communities and economies.
The Trump Administration’s Attack on Environmental Protections Will Increase Cancer-Causing Pollution
The Trump administration’s plan to torpedo air pollution limits and cancer prevention programs while ripping away health care and cancer treatment and canceling clean energy investments will increase preventable cancer cases among Americans—all to enhance polluters’ profits and cut taxes for the superrich.
New Trump Administration Policies Will Decrease Average Incomes for All Americans Except the Top 1 Percent
New policies in the One Big Beautiful Bill Act, paired with the Trump administration’s tariffs, will leave the bottom 99 percent of Americans with less after-tax-and-transfer income by 2027, while the top 1 percent benefit—per combined scores from nonpartisan analysts.
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