Overview

• The law’s permanent tax cuts and bump in defense and immigration spending are active, while deep Medicaid and SNAP reductions are postponed until 2027
• The CBO estimates a $4.5 trillion drop in revenues and $1.2 trillion in added spending will drive deficits up by $3.3 trillion over the next decade
• Analysts project 11.8 million more uninsured Americans and 3 million fewer SNAP beneficiaries by 2034 under the new legislation
• Senate Republicans plan this week’s vote under DOGE rules to rescind $9.4 billion from public broadcasting and USAID programs
• Both parties are already framing the 2026 House campaigns around tax relief versus safety-net cuts, with Democrats eyeing a net gain of three seats to flip the chamber