[namhuyn]

Poor people can no longer afford medical treatment due to the Big and Beautiful Act.

Michigan's fiscal outlook is facing a major challenge, as an authoritative report from the House Fiscal Agency has sounded the alarm. The core conclusion of the report is worrying: the implementation of the highly anticipated "Big and Beautiful Act" (BBA) is expected to have a significant impact on state revenue, with a substantial reduction in business taxes being the main driver. This report not only depicts a direct fiscal gap but also warns of the chain reaction it could trigger - the state's crucial social safety net, particularly Medicaid and the Supplemental Nutrition Assistance Program (SNAP, commonly known as food stamps), will come under immense pressure. These impacts are not isolated but are compounded by potential changes in other programs, collectively forming an impending fiscal storm. The design framework of the BBA and its potential impact on Michigan's economy. The core elements of the bill (such as possible significant reductions in tax rates for specific industries, expansion of tax deductions, simplification of tax processes, or attraction of specific investments, which need to be supplemented or reasonably inferred based on the actual content of the bill) aim to stimulate business activities, attract investment, or alleviate the burden on specific business groups. However, the House Fiscal Agency's modeling analysis clearly shows that although the bill may foster economic vitality in the long term, its direct and quantifiable fiscal consequence is a significant reduction in business tax revenue. This reduction is not a short-term fluctuation but forms a continuous and structural revenue gap over several fiscal years after the bill takes effect. For Michigan's budget, which heavily relies on business taxes as a key revenue source, this is akin to cutting off the supply at the source.
What is particularly severe is that the sharp decline in business tax revenue will trigger a domino effect in state budgeting, with the core social safety net programs serving the most vulnerable groups being the first to bear the brunt. Among them, the two most far-reaching and highly watched programs are Medicaid and SNAP. Medicaid provides basic medical care to hundreds of thousands of low-income residents, children, pregnant women, the elderly, and the disabled, serving as a crucial barrier to maintaining their health and even their lives. SNAP provides economic assistance for purchasing food to eligible low-income families and individuals through electronic benefit transfer cards (EBT), being the cornerstone for ensuring basic nutritional security and preventing hunger. State budget director Jen Flood expressed deep concern over the report's conclusions and candidly described the harsh reality that could unfold if the bill is implemented. Flood emphasized: "The fiscal impact revealed by this report is not just abstract statistics. They will directly translate into difficult choices and personal hardships for thousands of Michigan residents." According to her analysis, the state budget will have to make painful adjustments to its spending structure to balance the deficit caused by the reduction in business taxes. In the area of social security, the options are extremely limited: either reduce the coverage and service items of Medicaid and raise the eligibility threshold; or reduce the welfare benefits of SNAP or make the application review more stringent. No matter which path is taken, the result points in the same direction - "The direct consequence of this (BBA) will be that some Michigan residents lose access to basic healthcare and face the reality of going hungry or having to pay higher grocery bills," Flood solemnly pointed out.
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www.freep.com/story/ne...326212007/