5
#000000
#FFFFFF
Economy
A Year After Trump Package, Report Shows Rich 'Got a Handout, and Working Families Got the Bill'
"I've never seen a more dangerous and purposeful attempt to make people sick and hungry," said one Pennsylvania state lawmaker.
Jul 10, 2026
Last week marked the first anniversary of President Donald Trump signing H.R. 1, known as the One Big Beautiful Bill Act.
But a new report from the progressive advocacy group Defend America Action, obtained exclusively by Common Dreams, demonstrates that while the bill has indeed been beautiful for the richest households, it has been anything but for working-class Americans.
"Republicans sacrificed the American people's financial future, healthcare, and food security to pay for massive tax breaks for big corporations and the ultrawealthy," the report said. "The richest people on the planet got a handout, and working families got the bill."
According to an analysis by the Institute on Taxation and Economic Policy (ITEP), the richest 1% of Americans will see $117 billion in net tax cuts in 2026, an average windfall of roughly $66,000 each and more than the entire bottom 60% will receive combined.
At the same time, the law contained the largest cuts to federal healthcare funding in US history, slashing over $1 trillion from Medicaid and the Affordable Care Act (ACA) over the next decade.
The report found that as of March 2026, less than a year after the bill passed, enrollment in Medicaid and the Children's Health Insurance Program (CHIP) had already fallen by 3.8 million.
And after Republicans allowed ACA marketplace subsidies to expire, insurance premiums are projected to increase 114% on average, leading one in five enrollees—over 4.2 million people—to drop their coverage entirely.
Additionally, 11 million low-income Americans no longer receive zero-dollar premiums through the marketplace, while deductibles rose an average of 37% for those buying insurance on their own.
In total, more than 8 million people are estimated to have lost insurance coverage due to cuts to these programs, according to Protect Our Care. The nonpartisan Congressional Budget Office has projected that as many as 15 million could lose insurance by 2034 as a result of the law and other policy changes over the next decade.
US Rep. Dina Titus (D) said that the cuts have hit her state of Nevada especially hard, as many people work in the service industry and don't receive employer-sponsored insurance.
"An estimated 100,000 Nevadans are impacted by this, [could be] kicked off Medicaid, including 22,000 just in my one congressional district, and it's children, it's seniors, and it's people with disabilities who are going to be impacted so directly."
"The failure to continue the [ACA] tax credits... has knocked more people off," she said. "Then people who do have it pay higher rates to cover that. So it doesn't just impact the people who are on Obamacare. It impacts everybody."
According to an analysis by Protect Our Care, more than 1,000 hospitals, nursing homes, maternity wards, and other critical care facilities around the country have either shut down, are at risk of closing, or have cut essential services since the law went into place.
"In my more than 25 years as a practicing physician and now a legislator for the last four years, I've never seen a more dangerous and purposeful attempt to make people sick and hungry," said Pennsylvania state Rep. Arvind Venkat (D-30), an emergency physician who represents the suburbs outside Pittsburgh.
"There are a number of hospitals in Pennsylvania that have closed or are under threat to close as a result of the devastation that's being caused by this legislation," he said.
After $187 billion was cut from the Supplemental Nutrition Assistance Program (SNAP), more than 4 million low-income people—10 % of enrollees—no longer receive food assistance, according to the Center on Budget and Policy Priorities.
Millions more are expected to also lose benefits as stringent new work requirements go into effect. This includes 3 million people aged 18-24, according to a report from the Urban Institute, which noted that young adults often have greater difficulty finding stable jobs that allow them to meet the work requirements.
An analysis from ProPublica last month found that across just 12 states that break down data based on age, at least 776,000 children are no longer appearing on SNAP rolls.
"I think when we're talking about SNAP, we should start from the fact that the average benefit per person is [less than] $3 per meal," said Jared Bernstein, who served as the chair of the United States Council of Economic Advisers under former President Joe Biden.
"Nobody's getting rich off of SNAP," he said. "What's happening is people, including a lot of children, are getting fed."
"There's a long line of careful research showing long-term benefits for not just the beneficiaries themselves, but for the broader society," he said, noting that receiving benefits early in life is associated with "better academic performance, long-run health, educational attainment, and economic self-sufficiency."
The report from Defend America Action also said the Trump budget law squashed "an unprecedented American clean energy and manufacturing boom" that began during the Biden years, which created hundreds of thousands of jobs.
The law eliminated clean energy tax credits and led hundreds of projects to be canceled. Citing an analysis by Climate Power, the report said that over 140,000 clean energy jobs have been lost, are at risk, or have been delayed due to H.R. 1, stemming from 382 canceled or delayed projects that represented $69 billion in investment.
This has also contributed to the $92 billion spike in energy bills since Trump took office, the report said. Those canceled projects could have powered more than 17 million homes.
The law also killed the $7,500 electric vehicle (EV) tax credit, which has locked consumers into driving gas-powered cars that cost more to power, especially as Trump's war with Iran has sent gas prices soaring.
Bernstein noted that EV sales "fell off a cliff" after the tax credits were canceled.
"I can't begin to describe how shortsighted this is," he said. "Not just in terms of the environment, but also in terms of the US ever having a chance to capture market share in what I believe already is a do-or-die product development for the auto sector."
He noted that the US abandonment of clean energy, even as its use grows worldwide, has led China to dominate the market.
"This isn't China just eating our lunch," Bernstein said. "This is us serving our lunch to them."
Defend America Action's report notes that at the time of its passage, H.R. 1 was the most unpopular piece of legislation to pass through Congress since at least 1990, with just 31% approving and 55% disapproving, according to an average of four major polls.
Just months before the midterm elections, the bill remains equally unpopular, with only 33% of Americans saying they favor it and 48% opposing it, according to a recent survey by Navigator Research.
Titus told Common Dreams that one year ago, her colleagues in the GOP were very excited to pass H.R. 1.
Now, she said, "They don't really talk about it."
"They always are up for cutting programs," Titus said. "They call it fraud, waste, and abuse, but it's not. It's benefits that people needed."
"I think as you get closer to the election, there will be more concern about it," Titus said. "You know they cleverly made some of these cuts not go into effect until after the election, so they had to have been aware that they weren't very popular."
"I think we need to get the message out as much and as often as we can," she said, "and that's been kind of focused on affordability because all these different programs that we mentioned tie together."
"It's not just one little hit," Titus said. "It's across-the-board hits."
Keep Reading
Show Less
'Sign the Damn Bill!' Anger at Trump Grows as US Housing Prices Hit All-Time High
US Sen. Amy Klouchar said that the housing bill has "been sitting on President Trump’s desk long enough."
Jul 09, 2026
With President Donald Trump still refusing to sign bipartisan legislation aimed at lowering the cost of housing, fresh outrage erupted Thursday as new data shows buying a home in the US has never been more expensive.
The National Association of Realtors (NAR) on Thursday released its monthly report on home sales showing that the median sales price of existing homes grew to $440,600, a record high.
Lawrence Yun, chief economist at the NAR, said that housing supply remains a major barrier to making owning a home more affordable.
"Progress on long-term housing affordability could be hampered if inventory growth continues to stall," said Yun. "Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership."
The 21st Century ROAD to Housing Act, which passed with overwhelming bipartisan support in the US Congress last month, was designed specifically to address the housing shortage in the US.
Among other things, the bill prohibits large Wall Street investors from buying up new single-family homes, streamlines environmental reviews under the National Environmental Policy Act (NEPA), and creates a $200 million annual competitive grant program to benefit communities that have demonstrated success in expanding their housing supplies.
Trump, however, refused to sign the legislation, insisting that it be paired with the SAVE America Act, a voter suppression bill that will curb ballot access but Republicans in Congress do not currently have enough power to pass.
Sen. Elizabeth Warren (D-Mass.), who co-wrote the housing bill alongside Sen. Tim Scott (R-SC), took to social media on Thursday and pointed to a poll showing that the legislation has overwhelming support throughout the country.
"The American people have a message for President Trump," Warren wrote. "Sign the damn bill."
Sen. Amy Klobuchar (D-Minn.) also took a shot at the president for dragging his feet on the legislation.
"Over two weeks ago, Congress passed the ROAD to Housing Act with overwhelming bipartisan support," Klobuchar wrote. "It will pave the way for more housing, make it easier to build, and help more Americans find a place to call home. It’s been sitting on President Trump’s desk long enough. Sign the bill."
Rep. Chris Pappas (D-NH), currently a candidate for the US Senate running in New Hampshire, urged Trump to finally take action.
"It's never been more expensive to buy a home," wrote Pappas. "I helped pass a bipartisan housing bill to bring down home prices, and I'm calling on the President to get it over the finish line."
Trump's illegal war of choice with Iran has also not helped the housing affordability crisis, as it has led to an inflation spike that has left the Federal Reserve with little room to lower interest rates without risking further price acceleration.
Keep Reading
Show Less
Who Are the Biggest AI Villains? An Industry Watchdog Has Made a List
"The federal government shares the tech industry’s vision for AI to be embedded everywhere, displacing human thought and labor, and deepening the strains on the environment and climate."
Jul 09, 2026
With backlash against the artificial intelligence industry growing throughout the US, one government watchdog has created a database to help keep tabs on the people it describes as the biggest "AI villains."
The Revolving Door Project on Thursday launched a webpage that tracks the actions of major players in the AI industry and their ties to President Donald Trump's administration.
"The Trump administration is all in on artificial intelligence," the Revolving Door Project explained. "The federal government shares the tech industry’s vision for AI to be embedded everywhere, displacing human thought and labor, and deepening the strains on the environment and climate."
The watchdog added that the government is pursuing an "AI first" policy "despite little proof that its value for the American public is anywhere close to commensurate with its costs."
While there are several well known names on the Revolving Door Project's list—including SpaceX CEO Elon Musk, OpenAI CEO Sam Altman, and Oracle co-founder Larry Ellison—it also shines a light on more obscure figures including Chris Lehane, director of government affairs at OpenAI, and Greg Brockman, president of OpenAI.
Lehane is notable due to his long connections to Democratic Party politics, including a stint as a special assistant counsel in the Clinton administration and work as deputy campaign manager for former Vice President Al Gore's 2000 presidential campaign. Since then, he has mostly done public relations work for Silicon Valley firms, including Airbnb and Coinbase.
According to The Revolving Door Project, Lehane during the second Trump administration has been a big proponent of an AI regulatory framework that he describes as "reverse federalism" that aims to shut down individual states' powers to put guardrails on the industry.
Brockman, meanwhile, is much more traditionally aligned with the GOP, as he and his wife were the largest donors to the MAGA, Inc. super PAC in 2025, and he is described by the watchdog as "a regular attendee at White House events throughout Trump’s second term."
This coziness has helped Brockman push for policies beneficial to the AI industry such as fast-tracking data center construction and the aforementioned "reverse federalism" regulatory framework.
The Revolving Door Project also pays special attention to Marc Andreesen, co-founder of venture capital firm Andreessen Horowitz (a16z), whose allies the watchdog describes as "deeply entrenched" in the Trump administration.
Among the Andreesen acolytes to have worked in the Trump are Sriram Krishnan, a former general partner at a16z who served as a senior AI policy advisor; Peter Bowman-Davis, former engineering fellow at a16z who served as acting chief AI officer at the Department of Health and Human Services; and Scott Kupor, former managing partner at a16z who serves as director of the Office of Personnel Management.
Andreesen himself serves as a member of the President’s Council of Advisors on Science and Technology, which the Revolving Door Project describes as a "vessel... to freely lobby on behalf of the tech industry’s interests without the need for lobbyist intermediaries—especially at meetings with the president and his closest advisors."
In a newsletter explaining the purpose of the tracker, the Revolving Door Project's Fletcher Calcagno wrote that it was needed to help understand why the Trump administration so far has been willing to "accept Big Tech’s maximally irresponsible recommendations" for AI regulation.
Keep Reading
Show Less
'Lots of Pain But Little Gains': Report Shows How Much Trump Tariffs Have Cost Americans
The head of the group behind the analysis called the report "a damning indictment of tariffs’ impact on the US economy."
Jul 09, 2026
A US small business coalition on Wednesday released a state-by-state analysis detailing how President Donald Trump's capricious tariffs have cost American businesses and consumers upward of $317 billion since March 2025.
We Pay the Tariffs launched an interactive map, which uses data compiled by the international research firm Trade Partnership Worldwide, LLC to show the costs from additional tariffs the Trump administration has imposed by illegally invoking the International Emergency Economic Powers Act—a move blocked by the US Supreme Court in February—and by using Sections 122, 232, and 301 of the Trade Act of 1974.
With Section 122 tariffs—which impose a 10% surcharge on imports from almost all countries—set to expire on July 24, the Trump administration has said it will replace them with permanent Section 301 tariffs, which, according to We Pay the Tariffs will add "new costs on top of the hundreds of billions of dollars businesses have already paid."
"The latest figures are a damning indictment of tariffs’ impact on the US economy, with lots of pain but little gains for American workers, businesses, and families," We Pay the Tariffs executive director Dan Anthony said on Wednesday. "The trade deficit is up, goods exports and manufacturing jobs are down, and inflation is at its highest level in years. It’s disappointing that the administration is barreling ahead with a flurry of new tariffs despite the results to date."
In an open letter to members of Congress signed by small businesses across the country, the coalition noted that "once new tariffs take effect, history shows they are rarely undone."
"The Section 301 statute says tariffs should terminate after four years. Yet Section 301 tariffs imposed by the first Trump administration in 2018 were continued by the Biden administration, and remain in effect today," the letter states. "So do many Section 232 tariffs imposed in 2018 and expanded upon in 2025. There is no reason to expect this pattern to change."
The coalition argued that this is why "Congress must act before more Section 301 and 232 tariffs take effect."
"This is not a partisan issue. Tariffs are deeply and broadly unpopular with American voters," the letter asserts. "They are hurting small businesses in every state. Tariffs are taxes, and no president should be able to unilaterally impose hundreds of billions in permanent new taxes without a vote of Congress."
Progressive economists and consumer advocates argue that tariffs function as a regressive tax, falling disproportionately on working-class families who spend a larger share of their income on consumer goods. They warn that Trump administration tariff policies have also aided large corporations at the expense of smaller competitors.
Critics also note that the tariffs have failed to deliver the manufacturing renaissance promised by Trump, noting that the sector has still shed tens of thousands of jobs even as output increases due to automation, and that workers have seen few benefits from the hundreds of billions of dollars in additional import taxes paid by businesses and consumers.
"We paid—and will be forced to keep paying—the tariffs," the coalition letter concludes. "We need Congress to act now, before a permanent tariff regime is imposed on small businesses across America."
Keep Reading
Show Less
Most Popular