"Big changes are coming in the new year as healthcare subsidies expire and requirements for food assistance take effect. Residents in the United States are set to experience significant changes to the country's tax code, healthcare system and government benefits at the start of 2026. That's because, on Thursday, certain provisions of President Donald Trump's signature tax and spending package are scheduled to take effect."
"That idea became the foundation for the OBBBA, which Trump signed into law on July 4, the Independence Day holiday. It contains hundreds of provisions, ranging from policies that incentivise fossil fuel production to the permanent adoption of Trump's 2017 tax cuts. Democrats, including Representative Melanie Stansbury of New Mexico, rallied against the passage of the One Big Beautiful Bill Act earlier this year, outside the US Capitol [Rod Lamkey, Jr/AP Photo]"
The One Big Beautiful Bill Act (OBBBA) will activate hundreds of provisions at the start of 2026 that reshape taxes, benefits, and regulatory policy. COVID-era healthcare subsidies are set to expire, creating substantial increases in Affordable Care Act (ACA) insurance premiums for many enrollees. The package permanently adopts former administration 2017 tax cuts and advances incentives for fossil fuel production. Fiscal conservatives warned of larger deficits, while critics warned that millions could lose health insurance or food assistance. The bill was signed into law on July 4 after bipartisan pushback and political debate.
Read at www.aljazeera.com
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