
While technically it does remove some federal funding to SNAP, this only occurs for states whose misappropriation rate is over 6%. For those states, the programs are not cut, the states are just forced to pay a percentage of the program costs based on their error rate. States below that rate pay the standard 75% of administrative costs (increased from 50%). The SNAP program is not cut, the cost burden is just shifted further onto individual states.
Changes to Medicaid include standardizing the work requirement, which was previously set by the states, at 80 hours/ month. (There are existing exemptions, including for students and disabled people) It also increases the frequency of eligibility checks to twice a year. There are a few other small changes but these are the bulk. The changes are intended to ensure those on the program genuinely need to be. They may lead to roughly 500k people who cannot meet the new requirements or exemptions.
The 30% tax credit for residential solar will end by the end of the year. Corporate tax credits will be phased out by 2027 and EV credits will be over in 2026. It ends the transfer of green energy credits, a policy that allows corporations to avoid environmental regulations. Most of these savings are shifted to nuclear and geothermal development.
Ice will receive an additional $100b over the next 10 years, so $10b annually, doubling their current budget. This includes $45b for detention facilities, $46b for border security, and $14b for deportations. It also includes provisions for an additional 10k new agents to be hired by 2029. The budget will be increased gradually, until it reaches the additional $100b in 2035.
However, some aspects do benefit the lower and middle classes. The 2017 tax bracket system is better than the previous bracket that would be brought back without this extension. It maintains the 2k child tax credit (though lower than it was during COVID). It provides a small increase to the EITC for people without children. It increases the SALT deduction cap, which decreases the federal taxes owed by those in areas with high taxes.
I’m confused… Are you calling me a fascist for reading the bill and trying to explain it? Or calling the bill fascist? I would encourage you to read the bill yourself, I can provide page numbers and clauses if you would like. Like it or not, that is what’s in the bill, not my personal opinion.
You can call me whatever you want, but I’m not trying to sugarcoat anything. Current estimates show the bill would disqualify 2-3m people from the Medicaid program of those roughly half of them would be unable to meet the new require requirements. Honestly, I don’t like the bill. But it has been driving me crazy seeing people spreading rumors and exaggerating data that have never read the bill or done any research on it.