Trump's 'Big, Beautiful Bill': Who will be most affected by the GOP budget bill?

In a razor-thin 215-214 vote, House Republicans advanced President Donald Trump's so-called "One Big Beautiful Bill Act," a sweeping 1,116-page legislative package aimed at transforming federal taxes and spending priorities.

Touted by GOP leaders as a long-awaited fiscal triumph, the bill ed without a single Democratic vote and with dissent from a handful of Republicans.

Breaking down the impact of Trump's 'Big, Beautiful Bill'

While the measure delivers on Trump's vision of permanent tax relief and trimmed-down federal programs, early analyses suggest its impact will be far from universally positive.

The bill seeks to cement the 2017 tax cuts while introducing a host of other provisions that alter everything from healthcare and nutrition assistance to clean energy and immigration policy.

Republican lawmakers have framed it as a step toward economic efficiency, but the fine print reveals that many low- and middle-income Americans may bear the brunt of the changes.

One of the largest groups affected will be Americans making under $50,000 a year.

Those in this bracket are projected to lose hundreds, if not over a thousand, dollars annually due to deep cuts in federal programs like Medicaid, SNAP (Supplemental Nutrition Assistance Program), and student aid.

SNAP alone could see a $267 billion reduction, with istrative costs and benefit burdens shifted to already strained state governments.

Stricter work requirements for recipients up to age 64 would further limit access.

The healthcare sector also stands to see significant disruption.

Medicaid changes could strip health coverage from up to 7.6 million people over the next decade.

Managed care organizations like UnitedHealth, Centene, and Elevance Health may face added pressure due to enrollment instability and pricing volatility as a result of the bill's restructuring.

Students and their families will also feel the impact.

The legislation proposes scaling back student loan programs, limiting loan availability for both parents and undergraduates, and dismantling some graduate lending options.

Additionally, recent relief policies would be rolled back, leaving borrowers with fewer and more restrictive repayment choices.

Clean energy isn't spared either.

Key tax credits and initiatives that have fueled growth in renewable sectors would be slashed, while new fees on electric vehicles could dull consumer interest.

Stocks in companies like Enphase, First Solar, and Sunrun have already reacted negatively, signaling investor concern about the industry's future under the bill.

Lastly, undocumented immigrants would face a steep financial burden.

New fees for asylum applications and work authorizations could add hundreds, if not thousands, of dollars in costs, potentially limiting access to legal protections and healthcare options.

Despite being labeled "beautiful," this bill's benefits seem sharply tilted toward the wealthy, leaving many vulnerable groups to shoulder its hidden costs.