What the ‘Big Beautiful Bill’ Means for California
President Trump on Friday signed into law a massive tax and spending package: the so-called “One Big Beautiful Bill,” which delivers sweeping tax breaks for the wealthy while slashing social safety net programs. It cuts nearly $30 billion in Medicaid funding to California, defunds wildfire prevention and, according to Governor Gavin Newsom’s office, puts hundreds of thousands of jobs in the state at risk. The legislation also directs at least $170 billion to immigration detention and border security. Meanwhile, deficit watchers worry about its fiscal impacts. We’ll break down what this bill…
The skinny
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