Luke Scott

The One Big Beautiful Bill Act (signed July 4, 2025) has a net budgetary effect of increasing federal deficits by an estimated $1.8–2.0 trillion over its first four years (FY2026–2029). Per CRFB/CBO scoring: +$500B in 2026 and +$635B in 2027 alone, with elevated costs continuing into 2028–2029 before declining as some offsets phase in. Tax cuts (e.g., TCJA extensions, no tax on tips/overtime) are front-loaded; spending reductions (e.g., Medicaid/SNAP reforms) ramp up later. Total conventional 10-year deficit increase: $3.4T (+$4.1T with interest).

Trump is seeking to pay for his new $1.5 trillion military budget by cutting the following: $510 million - Grants for farmers and agricultural research $82 million - Loans for rural small businesses (Fully eliminated) $61 million - Support for farmers and food markets (Fully eliminated) $240 million - School meals and food education for children abroad (Fully eliminated) $659 million - Community building grants $47 million - Support for minority-owned businesses (Fully eliminated) $449 million - Economic development grants for communities $1.6 billion - Weather forecasting, fisheries, and coastal protection (NOAA) $993 million - Scientific research and technology standards $150 million - Support for American exports and trade $2.2 billion - Broadband and internet access programs $8.5 billion - Funding for public schools $1.5 billion - Vocational training and adult education (Fully eliminated) $2.7 billion - College access and higher education support $15.2 billion - Roads, bridges, and infrastructure projects $1.1 billion - Home energy efficiency and clean energy programs (Fully eliminated) $1.1 billion - Scientific research funding $386 million - Environmental cleanup programs $150 million - Cutting-edge clean energy research $4 billion - Help paying home heating and cooling bills for low-income families (Fully eliminated) $768 million - Refugee resettlement assistance $819 million - Care and shelter for migrant children $775 million - Local anti-poverty programs (Fully eliminated) $5 billion - Public health programs, mental health services, and disease prevention $5 billion - Medical research (NIH) $129 million - Healthcare quality and safety research $356 million - Emergency preparedness and disaster response $1.3 billion - FEMA community disaster preparedness grants $707 million - Cybersecurity protection for critical infrastructure $52 million - Airport and transportation security $40 million - Protection against chemical and biological weapons threats $53 million - Funding for homeland security operations $3.3 billion - Community development block grants for local neighborhoods (Fully eliminated) $1.3 billion - Affordable housing construction grants (Fully eliminated) $393 million - Programs to reduce homelessness $529 million - Housing assistance for people living with HIV/AIDS (Fully eliminated) $489 million - Housing and services for Native American communities $50 million - Grants to help communities build more housing (Fully eliminated) $60 million - Enforcement of fair housing and anti-discrimination laws $58 million - Homebuyer and renter counseling services (Fully eliminated) $45 million - Renewable energy development programs (Fully eliminated) $1.7 billion - Grants for local law enforcement and public safety $20 million - Civil rights mediation and legal access programs (Fully eliminated) $1.6 billion - Job training for at-risk youth (Fully eliminated) $395 million - Jobs program for low-income seniors (Fully eliminated) $234 million - Worker safety and labor protection programs $101 million - Enforcement of equal pay and workplace anti-discrimination laws $46 million - Programs to combat child labor and forced labor abroad $2 billion - International humanitarian aid $1.2 billion - Food aid for hungry families abroad (Fully eliminated) $4.3 billion - Global health and disease prevention programs $2.7 billion - Funding for the United Nations and international partnerships $642 million - International economic and treasury programs $315 million - Democracy and anti-corruption programs abroad $486 million - Grants for public transit projects $4.2 billion - Electric vehicle charging infrastructure $372 million - Airline service for rural and small communities $145 million - Grants for sustainable and equitable infrastructure $204 million - Loans and investment for underserved communities $1.4 billion - IRS taxpayer services and enforcement $100 million - Air pollution monitoring and reduction programs (Fully eliminated) $1 billion - EPA grants to states for environmental protection $2.5 billion - Clean drinking water and wastewater infrastructure funds $90 million - Grants to reduce diesel pollution (Fully eliminated) $3.4 billion - NASA space and earth science research $297 million - NASA technology innovation programs $1.1 billion - International Space Station operations $143 million - STEM education programs $309 million - Small business development and entrepreneurship programs $170 million - Small Business Administration operations $158 million - Loans for small businesses

JUST IN - A second U.S. plane, an A-10 Warthog, was downed by Iran today near the Strait of Hormuz — NYT