Long-term pain: Questions remain about whether the bill can offset the long-term pain of health insurance cuts, food stamp cuts, electricity price increases, and clean energy shutdowns.
Benefit cuts and increased burdens: The bill further increases the cost of living for low-income families by cutting Medicaid and social welfare programs such as the Supplemental Nutrition Assistance Program (SNAP).
According to an analysis by the Yale Budget Lab, the lowest-income households will see their annual income decrease by 2.9%, while the wealthiest households will see their income increase by 2.2%.
Fiscal Deficits and Future Risks: The Big, Big Act is projected to reduce federal revenue by $4.5 trillion over the next decade, with spending cuts only partially offsetting this shortfall.
This not only increases the risk of a debt crisis for the US government but also means that the current tax cuts are effectively using the future of the next generation to pay for today's bills.
Social equity issues: The "Big, Big Bill" has been criticized for its apparent "robbing the poor to help the rich" nature, further widening the wealth gap. By drastically cutting social welfare programs for low-income groups, the bill exacerbates their financial burden and worsens social inequality.
In summary, it is likely to lead to reduced health insurance coverage, rising living costs, and increased social inequality.