The Truth About The "One Big Beautiful Bill" - CleanTechnica

The article "The Truth About The 'One Big Beautiful Bill'" by Luke Singer and Gautam Wadhwa critically examines the implications of the recent tax and spending reconciliation bill (OBBB) on healthcare, the job market, and clean energy in the United States. A major concern highlighted is the bill’s historic rollback of Medicaid funding by over $1 trillion over the next decade, which threatens healthcare accessibility and affordability for millions, particularly seniors. Although Medicare funding remains intact, the Congressional Budget Office warns that the bill could endanger the lives of up to twelve million Americans by the end of the next decade due to increased healthcare costs and reduced access. On the economic front, the OBBB introduces tax cuts and enhanced deductions aimed at stimulating small businesses, especially in retail and hospitality, potentially boosting near-term job creation. However, many of these tax benefits are temporary and set to expire by 2028–29. The bill also negatively impacts clean energy investments by ending most federal tax credits for residential solar and