On this day, last year, the U.S. Congress has passed Trump’s “Big Ugly Bill.”

I warned that the Big Ugly Bill would become one of the most damaging pieces of legislation in modern American history.

Unfortunately, many of those warnings are already becoming reality.

• The Congressional Budget Office estimates the law will add roughly $3.4 trillion to federal deficits over the next decade, driven largely by tax cuts that exceed spending reductions.

• Medicaid has already begun implementing deep funding cuts. The CBO projects that about 10 million Americans will lose health insurance because of the law, with broader estimates reaching 15–16 million when other policy changes are included.

• The consequences are no longer theoretical. This week alone, nearly 500,000 New Yorkers lost health coverage after federal funding for the state's Essential Plan was cut.

• Food assistance has been reduced through tighter SNAP eligibility rules, with millions of low-income Americans expected to lose benefits or receive less support.

• According to the CBO's own distributional analysis, the biggest winners are higher-income households, while lower-income Americans lose resources on average. It is one of the largest upward transfers of wealth in modern U.S. history.

• At the same time, clean-energy incentives have been rolled back, while tens of billions of dollars have been redirected toward immigration enforcement and defense spending.

A year ago, supporters called it the "Big Beautiful Bill." Today, we're seeing that it was a “Big Ugly Bill”: trillions added to future deficits, healthcare taken away from millions, cuts to assistance for struggling families, and tax benefits that flow disproportionately to those who need them least.

This wasn't about fiscal responsibility. It wasn't about helping working families. And it certainly wasn't about making America stronger.

It was a massive redistribution of wealth upward — paid for by America's most vulnerable and by future generations.