Reconciliation

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.