One Year of the Republican Tax Law: New Yorkers Are Still Paying For It

Last summer, every New York Republican voted to pass one of the most regressive tax packages in history, slashing basic needs programs that help families afford essentials to pay for giveaways to the wealthy and large corporations. One year after the passage of the so-called One Big Beautiful Bill Act (OBBBA), New Yorkers are grappling with the consequences. While millions of New York families wrestle with lost health care coverage and higher grocery and utility bills, Trump’s promised benefits have failed to materialize. With even more damaging provisions set to take effect in the months ahead, below are the ways in which the Republican tax law has made life harder and more expensive for New York’s working families:

After Trump’s tax law slashed over $1 trillion in Medicaid funding  – the largest cut in Medicaid history – millions of Americans are losing access to health care.

• New York will see one of the largest dollar-value reductions to Medicaid funds, losing $63 billion in funds.
• Since passage of the OBBBA, 3.8 million Americans have lost Medicaid and Children’s Health Insurance Program coverage. Roughly 462,00 New Yorkers have already lost coverage so far.
• Trump’s health care cuts are jeopardizing families’ access to care: In New York alone, at least seven health clinics and one hospital have closed, while an additional 28 are at risk of closure – forcing New Yorkers to travel farther, wait longer, or forgo critical care altogether.
• Due to the Republican tax law, states will soon require Medicaid expansion   enrollees – including roughly 2 million in New York – to report 80 hours of community engagement and redetermine eligibility for Medicaid expansion enrollees every six months. These new Republican work requirements will mean millions of Americans are at risk of losing their health insurance if their work hours dip or an emergency pops up.
  • In New York, up to 1.2 million Medicaid beneficiaries could lose coverage when these requirements are fully implemented in January 2027.

Republicans let the enhanced Affordable Care Act (ACA) Premium Tax Credit expire, driving up health insurance prices for millions of Americans, including thousands of New Yorkers.

• Nationally, at least 3 million Americans have lost ACA coverage because Trump and Congressional Republicans failed to renew the enhanced Premium Tax Credit.
  • In New York, at least 11,000 people have had to drop enrollment in ACA marketplace health insurance plans this year because of dramatic increases in premium costs.
• At the same time, health insurance is getting more expensive: Average premiums for New Yorkers enrolled in ACA plans has increased by almost 20%, forcing New Yorkers to spend an additional $1,248 on premiums this year.

While working families struggle to afford groceries, Republicans cut $300 billion from the Supplemental Nutrition Assistance Program (SNAP).

• At the same time that higher diesel and fertilizer prices from Trump’s war in Iran spike grocery prices, Americans are losing the grocery assistance they depend on.
• Since OBBBA’s enactment more than 4 million people have lost access to SNAP benefits nationwide, including over 800,000 children. In New York, roughly 150,000 SNAP beneficiaries have lost their food assistance.
  • In New York City, where local government has helped prevent an additional 223,000 people from losing their assistance, even large food banks are struggling to keep their pantries full enough to meet the increased demand from families.
• As with Medicaid, the deepest SNAP cuts are still yet to come: Starting October 1, New York will be forced to fund 75% of SNAP administrative costs, adding $200 million in annual costs to the state and counties.
  • And Republicans’ punitive work requirements will make it harder for families to qualify for assistance – resulting in as many as 300,000 households in New York alone losing all or some of their SNAP benefits, with an average loss of $220 per month.
• Additionally, the Republican tax law also gutted the SNAP-Ed program, which brought $29 million annually to community-based organizations throughout the entire the state that taught families how to shop and cook healthy meals on a low budget.

With clean energy tax incentives set to expire this summer, projects that would have driven down energy, utility, and transportation costs for New Yorkers have stalled.

• After the Trump administration cancelled or downsized $3 billion in clean energy investments, nearly 500 New Yorkers are out of jobs.
• The termination of the $7,500 tax credit for purchase of new EVs has priced many Americans out buying one as gas prices eat into paychecks – remaining well above $4 in New York, one of the highest rates in the country.
• Utility bills have climbed by 7% in New York over the past year – and the Republican tax bill made it harder to escape them, terminating the home energy tax credit last December that had helped families save more than $2,200 in energy bills each year.

Americans, especially New Yorkers, have never liked the Republican tax law, and a year of living under it hasn’t changed their minds.

• Millions of Americans opposed the law before it ever took effect. Just before final passage nearly half (49%) were against it, while just 29% were in favor.
  • A month after Trump signed his tax law, the opposition held firm: 46% of Americans disapproved of the law, with 47% believing it would have mostly negative long-term effects.
  • New Yorkers were no exception: A majority (52%) believed the Republican tax law would make the lives of many Americans worse.
• Nearly a year later, New Yorkers are still standing firm. In April 2026, 54% of New York voters – including 54% of Independents – disapproved of Trump’s attempts to make prices more affordable.
• And nationally, new polling from Groundwork Collaborative finds that:
  • A majority of voters (55%) – including 61% of Independents – say Trump and Republicans in Congress have made it harder to afford health care in the past year.
  • Half of voters (50%) say the law helps wealthy Americans and big corporations more than people like them, with only 16% saying the latter.
  • A clear majority (61%) of voters – including nearly 70% of Independents and 39% of Republicans – say the law’s health care cuts are not worth the $300-on-average boost to tax refunds.

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