This week, editors Peter Suderman, Katherine Mangu-Ward, Nick Gillespie, and Reason reporter Eric Boehm unpack the passage of President Donald Trump’s One Big Beautiful Bill, focusing on its tax carve-outs, special-interest subsidies, and what happens when key provisions expire in 2028. They also examine the potential fallout from Trump’s looming trade deadline with the European […]
Funding for Social Security, Medicaid, and Medicare accounted for 41 percent of federal spending in FY 2024. The One Big Beautiful Bill Act, which is expected to add $3.9 trillion to the federal deficit over the next 10 years, aims to rein in some entitlement spending by implementing work requirements for Medicaid recipients. However, these […]