The Republican-controlled US Congress passed a budget bill that includes cuts to social programs like Medicaid and more funding for Immigration and Customs Enforcement (ICE). This budget diverts funds from Medicaid and clean energy tax credits while supporting mass deportation initiatives. It extends tax cuts benefiting wealthy Americans and reduces spending for Medicaid and SNAP, risking the livelihood of millions. The bill also complicates tax credits for wind and solar energy during high electricity demand, impacting electric vehicle affordability. Negotiations included a proposed 10-year moratorium on state regulation of AI systems.
The Republican-controlled US Congress has passed a budget bill that includes cuts to social programs like Medicaid and more funding for Immigration and Customs Enforcement (ICE), alongside provisions that discourage wind and solar energy production.
The new budget moves funds away from Medicaid, clean energy tax credits, and other public services and toward Trump's attempt to mass-deport both documented and undocumented immigrants.
This budget extends a number of tax cuts that primarily benefit wealthy Americans while reducing spending and eligibility for Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
During a period of intense demand for electricity, the budget also makes it more difficult for wind and solar companies to receive tax credits.
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