House Republicans’ One Big Beautiful Bill Act would be devastating for families nationwide. In this series, the Center for American Progress rounds up how cuts to Medicaid and food assistance, increases to gas and electricity prices, and increases to the costs of higher education would harm families, drive up the cost of living, and put jobs at risk in states across the country. The proposal would enact the largest transfer of wealth from working-class Americans to the ultrawealthy in the nation’s history while adding trillions of dollars to the national debt—which would depress Americans’ wages and raise interest rates for families nationwide.