One Big Beautiful Bill: Tax Cuts Come at a Cost for Millions

The "One Big Beautiful Bill Act" has been passed by the US House of Representatives. This bill, while offering tax cuts, significantly reduces funding for crucial social programs like Medicare and Medicaid. According to the Congressional Budget Office, 8.6 million people could lose health coverage due to these cuts. Medicaid funding is set to be reduced by nearly $700 billion, and SNAP funding will also face substantial reductions. The video creator, DailyDosesOfDee, states, "The One Big Beautiful Bill Act...introduces significant tax cuts, but it also entails substantial reductions to critical social programs." These changes could affect millions of Americans who rely on these programs. The bill now moves to the Senate for further debate. The potential consequences for vulnerable populations raise serious concerns and highlight the need for public awareness and engagement.