The display of might outside was unmistakable, as was the soft power inside the building.<\/p>\n
President Donald J. Trump signed into law his nearly 900-page \u201cBig Beautiful Bill\u201d of tax breaks<\/a> and spending cuts, affecting millions of Medicaid recipients while growing the Immigration and Customs Enforcement agency by thousands of workers.<\/p>\n The Senate passed the bill earlier in the week, while the Republican-controlled House voted 218-214 in favor of it on Thursday evening<\/a>, with all Democrats and two Republicans opposed.<\/p>\n Now that the bill is in effect, it\u2019s a good time to review what\u2019s actually inside.<\/p>\n Times and Associated Press reporters broke down what the passage of the bill means for the country.<\/p>\n Tax cuts take center stage<\/p>\n The BBB contains roughly $4.5 trillion in tax cuts, according to the Associated Press, and solidified the ones from Trump\u2019s first term.<\/p>\n On the teeter-totter of benefits, the wealthiest families will enjoy an average of $12,000 in tax savings, while the poorest people will have to pay an additional $1,600 a year, on average, mainly due to reductions in Medicaid and food aid.<\/p>\n That analysis of the House version of the bill is is according to the nonpartisan Congressional Budget Office<\/a>.<\/p>\n While temporarily adding new tax deductions on tips, overtime and auto loans, the bill also adds a $6,000 deduction for older adults making less than $75,000 a year.<\/p>\n The child tax credit is bumped from $2,000 to $2,200, though millions of lower income families will still be unable to get the full credit.<\/p>\n Caps for state and local tax deductions, known as SALT, will quadruple to $40,000 for five years, offering some benefits to residents of higher-taxed states like California.<\/p>\n Businesses will get a break because they will immediately be able to write off 100% of the cost of equipment and research, which some experts say will boost economic growth.<\/p>\n Deportations, a border wall and missile defense<\/p>\n Another $350 billion is being allocated for border and national security, which includes spending on the U.S.-Mexico border and 100,000 migrant detention beds.<\/p>\n ICE will receive funding to offer $10,000 signing bonuses to new employees, with the aim of hiring 10,000 officers and agents.<\/p>\n Immigrants will fund some of these projects by paying new or increased fees, including when they apply for asylum.<\/p>\n In total, the Department of Defense will receive roughly $1 billion in new funding for border security.<\/p>\n Another $25 billion is being set aside for the U.S. to develop its own Israel-type of Iron Dome missile defense system, called the \u201cGolden Dome.\u201d<\/a><\/p>\n Clean energy gets pummeled<\/p>\n Previous tax breaks meant to create incentives for wind and solar energy are being hacked dramatically.<\/p>\n One incentive that will soon disappear is the electric vehicle tax break of $7,500 for new vehicles<\/a> and $4,000 for used ones.<\/p>\n That was supposed to initially expire in 2032. Instead, the credit sunsets on Sept. 30.<\/p>\n How is this being paid for?<\/p>\n Republicans are cutting back on Medicaid and food assistance programs for those below the poverty line.<\/p>\n Many adults receiving Medicaid and food stamps, including those up to age 65, will now have to fulfill an 80-hour-a-month work requirement.<\/p>\n Medicaid patients will also have a new $35 co-payment to contend with.<\/p>\n About 71 million Americans use Medicaid, and 40 million benefit from the Supplemental Nutrition Assistance Program, or SNAP, commonly known as food stamps.<\/p>\n The CBO estimates<\/a> that 11.8 million Americans will become uninsured by 2034, and 3 million more will not qualify for SNAP due to the changes.<\/p>\n For more on the bill, read our full report here<\/a>.<\/p>\n The week\u2019s biggest stories (Chris Pizzello \/ Invision \/ AP)<\/p>\n Trump administration pushback<\/b><\/p>\n Fires and wildfires<\/b><\/p>\n Crime, courts and policing<\/b><\/p>\n More big storiesThis week\u2019s must-readsMore great readsFor your weekend (Illustrations by Lindsey Made This; photograph by Greg Swales)<\/p>\n Going outStaying inL.A. Affairs<\/p>\n Get wrapped up in tantalizing stories about dating, relationships and marriage.<\/p>\n Have a great weekend, from the Essential California team<\/b><\/p>\n Kevinisha Walker, multiplatform editor How can we make this newsletter more useful? Send comments to essentialcalifornia@latimes.com<\/a>. Check our top stories<\/a>, topics<\/a> and the latest articles<\/a> on latimes.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Newsletter You’re reading the Essential California newsletter Our reporters guide you through the most important news, features and…\n","protected":false},"author":3,"featured_media":43637,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[7830,7828,1582,276,7832,7824,7823,4140,6123,6772,7826,2961,224,2444,5337,2295,7825,5812,7829,7831,2501,527,7827],"class_list":{"0":"post-43636","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-autopilot","9":"tag-black-bears","10":"tag-ca","11":"tag-california","12":"tag-convictions","13":"tag-coronavirus","14":"tag-covid","15":"tag-covid-19","16":"tag-driver","17":"tag-drought","18":"tag-essential-california-week","19":"tag-la","20":"tag-los-angeles","21":"tag-los-angeles-times","22":"tag-losangeles","23":"tag-newsletter","24":"tag-pandemic","25":"tag-search","26":"tag-tesla","27":"tag-thousands","28":"tag-ucla","29":"tag-water","30":"tag-years"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114806922001795407","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/43636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=43636"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/43636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/43637"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=43636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=43636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=43636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} <\/a> <\/p>\n
<\/a> <\/p>\n
Andrew J. Campa, reporter
Karim Doumar, head of newsletters<\/p>\n