Trump legislative agenda bill: Medicaid cuts and tax breaks
The budget reconciliation bill, called the "One Big Beautiful Bill Act," is 1,116 pages of legislation to fund Trump's broad agenda. Included is more than
A nonpartisan analysis of the bill by the
"It's very important for people to understand why we're being so aggressive on the timetable and why this really is so important," House Speaker
"This is the vehicle through which we will deliver on the mandate the American people gave us during the last election. You're going to have historic savings for the American people, historic tax relief for American workers, historic investments in border security."
Medicaid eligibility
Changes to Medicaid funding and eligibility are the most contentious issues
"The services provided to the most vulnerable community members, the elderly that need medical assistance, they're not being provided in a way that's accessible to people," Berrios said. "When we're cutting costs and cutting prescription drug prices, but we're not hiring people with language skills or enough staff to handle the volume of calls, those are barriers of access for people not getting the care they need."
Rep.
"The bill does not yet meet the moment leaving almost half of the green new scam subsidies continuing," Roy posted. "More, it fails to end the Medicaid money laundering scam and perverse funding structure that provides seven times more federal dollars for each dollar of state spending for the able-bodied relative to the vulnerable."
More than 71 million people were enrolled in Medicaid and 7.2 million in Children's Health Insurance Program Managed Care Access program, or CHIP, as of December, according to the
The Center on Budget and Policy Priorities, a nonpartisan research and policy institute, estimated that more than 15 million people would lose healthcare coverage and become uninsured due to the Medicaid cuts proposed.
The bill proposes measures for work requirements to qualify for coverage. Adults between ages 19 and 64 who do not have children would be required to work at least 80 hours per month. A combination of community involvement and enrollment in an educational program at least half-time also can apply to these requirements.
Originally work requirements were to be enacted on
Recipients of benefits would be required to submit to eligibility screenings more frequently. Rather than the 12 months that they are typically allowed, they would be subject to screening every six months.
Similar work requirements would apply to
A moratorium would be set on the secretary of
A federal ban on Medicaid and CHIP recipients receiving funding for gender transition procedures for minors is among added restrictions. Exceptions include puberty suppression or blocking drugs for the purpose of normalizing puberty when deemed medically necessary or a "verifiable disorder of sex development."
The child tax credit will again increase temporarily, this time to
Tax breaks
The
The largest contributor to this plan is an extension of the tax cuts enacted as part of the 2017 Tax Cuts and Jobs Act, which went into effect in 2018.
In total, taxes across the board would decrease by
Taxpayers who make
The tax cuts, as proposed, are to be extended permanently, meaning they require congressional action to overturn.
Among Trump's new tax policies are the plans to eliminate taxes on tips and overtime. Unlike the extension of the Tax Cuts and Jobs Act cuts, these reductions are to expire in 2028.
Qualifying tips are "any cash tip received by an individual in an occupation that traditionally and customarily received tips on or before
Up to
Defense spending
The budget reconciliation bill includes about
According to the
The bill proposes billions in new funding for an array of defense equipment and facilities and development and acquisition of missiles and nuclear weapon capabilities across its military's branches.
New defense spending is directed toward border security, including
An additional
In the bill, the Trump administration outlines its minimum goals for hiring additional
If the funding is passed as proposed, the
Several investments are earmarked for unmanned vessels, including
Air defense and space operations are also in line for new funding. The bill proposes
In 2024, Russian President
Trump aims to invest in



Essent Group Ltd. Announces David Benson and April Galda Joyce Have Joined Board of Directors
Santa Clara County wants to change its Medi-Cal model, but Family Health Plan calls it a “hostile takeover”
Advisor News
- Economic pressure makes boomerang living a new normal
- Millennials ready to bring their advisor to the family table
- The gap between policy awareness and investor conversations
- Younger investors turn to ‘finfluencers’
- Using digital retirement modeling to strengthen client understanding
More Advisor NewsAnnuity News
- Most employers support embedding guaranteed lifetime income options into DC Plans
- InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
- FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
- Zinnia’s Zahara policy admin system adds FIA chassis to product library
- The Standard and Ignite Partners Announce Launch of Thrive Plus Fixed Indexed Annuity
More Annuity NewsHealth/Employee Benefits News
- ‘No gap’ private health insurance can save you money. But there’s a catch
- Researchers from New York University (NYU) Langone Health Provide Details of New Studies and Findings in the Area of Radius Fracture (Investigating the Impact of Health Insurance on the Treatment of Distal Radius Fractures in New York State): Radius Fracture
- Insurance Commissioner working to provide short-term health policy options to Mississippians
- How this local health plan CEO navigates challenges of providing care
- NCOIL tackles packed agenda at spring meeting
More Health/Employee Benefits NewsLife Insurance News
- NCOIL tackles packed agenda at spring meeting
- Unum Group Reports First Quarter 2026 Results
- Foresters Financial revamps accelerated underwriting, raises limits to $2M
- National Life Group Appoints Matthew Frazee as Chief Financial Officer to Support Continued Organizational Growth
- Protective to Acquire Obsidian from Genstar Capital, Expanding into Specialty Property & Casualty Insurance
More Life Insurance News