President Donald Trump's "One Big Beautiful Bill" will "gut Alabamians" living near or below the poverty line, according to Retirement Systems of Alabama CEO David Bronner.
The tax cut and spending legislation has already passed the House, and an amended version is headed for a final vote in the Senate. The bill will need to be voted on again in the House to concur with the changes made by the Senate. Trump has said he wants the bill on his desk to be signed into law by Friday.
U.S. Sens. Katie Britt (R-Montgomery) and Tommy Tuberville (R-Auburn) both support the measure because it makes the 2017 tax cuts permanent and increases border security spending.
However, Bronner said in the July edition of The Advisor, "Please do not kid yourself! The One Big Beautiful Bill Act, as passed by the U.S. House and under consideration by the U.S. Senate, will dramatically gut Alabamians and destroy their lives."
"The House bill will do some positive things, like expand funding for the Marshall Space Center and improve U.S. Defense spending, but it also harms 20 percent (one million Alabamians) of those who live near or below the poverty line. The bill slashes Medicaid (HEALTH INSURANCE), with 170,000 Alabamians losing healthcare, along with slashing the Supplemental Nutrition Assistance Program (SNAP)(FOOD) – 100% federally funded – affecting nearly 800,000 children, elderly, and disabled citizens. U.S. Senators Tuberville and Britt, please do not allow this to happen in Alabama," he added.
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