Trump's 'bootyfull' new law means states have big decisions this year on Medicaid, SNAP and taxes
States have major decisions to make in 2026 about the social safety net and taxes in the aftermath of a sweeping law President Donald Trump signed last year.
The federal government is shifting more responsibilities to states over the next few years, and states must prepare for greater costs in the Medicaid health care and SNAP food aid programs. They also must decide whether to offset upcoming federal funding cuts with state tax dollars. And they must weigh whether to cut state taxes on tips, overtime wages and other items to remain in line with Trump's big bill.
Though most states still have ample rainy day funds, the extra burdens are coming as many states face their tightest budgets since the early days of the coronavirus pandemic.
Theres a big storm coming for state budgets the radar is clear and its going to hit almost every state, said Tim Storey, CEO of the National Conference of State Legislatures. Its going to mean some hard choices.
https://www.yahoo.com/news/articles/trump-beautiful-law-means-states-060755998.html
Because Donny has priorities.
Trump said he wants to raise the US military budget by 50% in 2027
President Donald Trump says the US will be spending a lot more on the military next year.
Trump said in a Truth Social post on Wednesday that he had decided to raise the US's military budget in 2027 from $1 trillion to $1.5 trillion.
"This will allow us to build the 'Dream Military' that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE, regardless of foe," Trump said.
He said that the larger budget would be financed by the tariffs he has imposed on almost all countries, and would secure the US during "very troubled and dangerous times."
https://www.yahoo.com/news/articles/trump-beautiful-law-means-states-060755998.html