Economic Fallout of Medicaid & SNAP Cuts: How the “Big Beautiful Bill” Could Strain State Budgets & Hurt Local Economies
Economic Fallout from the ‘Big Beautiful Bill’: How Cuts to Medicaid and SNAP May Undermine State Budgets and Communities Table of Contents Introduction Understanding the ‘Big Beautiful Bill’ Overview and Timeline Key Provisions Affecting Medicaid & SNAP Economic Impacts at the National Level Shockwaves Across State Economies Individual and Community Consequences Insights & Analysis Conclusion FAQ Section 1. Introduction In July 2025 , President Donald Trump signed the “One Big Beautiful Bill” into law—a sweeping budget measure that delivers massive tax cuts for high-income earners while making deep reductions to essential safety net programs, especially Medicaid and the Supplemental Nutrition Assistance Program (SNAP) . Supporters in Washington have hailed the bill as a catalyst for economic growth, promising job creation and a leaner federal budget. But experts—from economists to public health researchers—warn that the reality may be far different. Med...