Headline Roundup • July 1st, 2025
How the 'Big Beautiful' Bill Will Affect Energy, Healthcare and Business
Summary from the AllSides News Team
The Senate passed President Donald Trump's “big beautiful” tax bill, with Vice President JD Vance casting the tie-breaking vote on Tuesday. Now it goes back to the House of Representatives. What will the bill affect if it passes the House?
Energy Prices: CNN (Lean Left bias) highlighted an analysis that said energy costs would rise across the country. Oklahoma, South Carolina, and Texas are expected to see an 18% increase in energy costs by 2035 if the bill passes.
Healthcare: According to the Congressional Budget Office, 11.8 million will lose healthcare coverage by 2034 under the bill. Straight Arrow News (Center) noted, “Many low-income Americans face delayed care and rural hospitals risk closure,” and “The bill cuts Medicaid by about 18%, SNAP by roughly 20%, imposes 80-hour work requirements, and introduces up to 5% income-based cost-sharing fees.” Republicans have argued that the spending cuts from imposing work requirements are necessary to recoup some of the money from the tax cuts at the center of the bill.
Small Business: A piece in the Washington Examiner (Lean Right) argued that the bill would help small businesses through making the 199A small business deduction permanent and expanding it to 20%, making the estate tax emption permanent, and making it easier to invest through the “restoration of immediate expensing for research and development costs and a 100% bonus depreciation for investing in new equipment.”
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Featured Coverage of this Story
Small businesses make up 99.9% of all American businesses, but they are too often ignored in Washington, and the debate around the One Big Beautiful Bill Act is no exception. While there has been discussion about the bill’s price tag and spending cuts, less attention has been paid to how the bill’s tax policies will help small businesses.
Small businesses across the country, including the wholesaler-distributors and equipment manufacturers that we represent, have been hit by high prices and economic uncertainty and are in desperate need of policies that will help them grow. The...
The Congressional Budget Office (CBO) estimates the Senate GOP tax bill would cause 11.8 million Americans to lose health coverage by 2034, with $1.1 trillion in cuts to Medicaid, Medicare and the Affordable Care Act. Fueled by plans to extend President Donald Trump’s 2017 tax cuts, the bill provides $4.5 trillion in new reductions, offset by Medicaid and safety net spending cuts.
The bill cuts Medicaid by about 18%, SNAP by roughly 20%, imposes 80-hour work requirements, and introduces up to 5% income-based cost-sharing fees.
Lucy Nicholson/ Reuters
Household energy bills will be higher over the next decade if Republicans pass their tax and spending bill, according to a new analysis.
President Donald Trump and Republicans are itching to kill tax credits that lower the cost to build wind and solar, which are now largely cheaper than fossil fuels like natural gas and coal. More wind and solar on the electricity grid helps keep utility bills lower, and Biden-era tax credits were set to rapidly ramp up the amount of those cheaper, renewable projects being built.
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