Congressional Republicans are looking to take a second bite of the apple with a ‘big, beautiful bill’ 2.0 in the fall, but fiscal hawks are skeptical that a second bill would provide the steep cuts they are looking for.

President Donald Trump signed the long-awaited — and debated — One Big Beautiful Bill. Here’s what changed, what didn’t, and what to expect in 2026 and beyond.

Florida did not expand Medicaid as most states did, so the impact may be lesser than other places, but reductions loom.

Medicaid is the state's largest health insurer, covering a quarter of Michigan residents. Reform supporters say the changes will eliminate loopholes.

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The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring professional bettors to pay income tax on all their winnings, according to published reports. Professional gamblers, like the poker players you see on TV, had been allowed to deduct all of their losses from their declared income.

Gov. Josh Stein said the bill could result in more than 500,000 people in NC losing health coverage and leave 1.4 million unable to afford food.

What do you think of President Donald Trump’s so-called “big, beautiful bill, which he signed into law on July 4 after narrow passage in the U.S. House and Senate.