On July 3, the House narrowly passed the One Big Beautiful Bill Act (OBBBA) with a 218–214 vote. According to the nonpartisan Congressional Budget Office (CBO), the bill will add an estimated $3.3 trillion to the budget deficit over the next 10 years. Trump signed the bill the next day on July 4.

To help pay for it, OBBBA cuts funding to Medicaid, SNAP (food assistance), and clean energy tax credits, while also raising the federal debt ceiling by $5 trillion. Unfortunately, the CBO also estimated that 11.8 million people could lose health insurance coverage because of the legislation’s Medicaid cuts and other provisions.

A recent Quinnipiac University poll found that 53% of registered voters oppose the bill, while only 27% support it. In other words, it is deeply unpopular, but there’s not much we can do about it now but look at the positives.

If you have a job with benefits, and you’re pursuing financial independence or early retirement