SHOT/CHASER: As Republicans Gut Americans’ Health Care and Food Assistance… Trump Doubles His Net Worth

SHOT: Donald Trump and House Republicans passed the largest cuts to health care and food assistance in American history…

The Hill: “Republicans on the House Energy and Commerce Committee on Wednesday afternoon advanced legislation containing cuts to Medicaid and health care provisions — some of the most controversial and contentious provisions that will be included in the ‘big, beautiful bill’ of President Trump’s ambitious legislative agenda.”

Center on Budget and Policy Priorities: “CBO’s early estimates show that at least 13.7 million people would lose coverage and become uninsured because of the Medicaid cuts and the ACA marketplace restrictions in this committee legislation, as well as the fact that the budget legislation does not extend expiring marketplace premium tax credit improvements.”

Politico: “The GOP proposal would create the largest overhaul in decades to the Supplemental Nutrition Assistance Program, which helps more than 42 million people in the U.S. pay for food, by forcing states to share the cost of SNAP benefits.”

CHASER: … while Trump pockets billions of dollars for himself.

Bloomberg: “[N]o modern American president has positioned his family to make so much money while in the White House. Already, since the early days of [Donald Trump’s] reelection campaign, he’s more than doubled his net worth to about $5.4 billion.

“In that time, the Trump name has powered more than $10 billion of real estate projects, a multibillion-dollar valuation for his money-losing social-media company, more than $500 million in sales from just one of his crypto ventures and millions of dollars more from stakes in companies that offer financial services, guns and drone parts. …

“Trump has loosened constraints on overseas dealmaking that were put in place in his last administration. (He also let Elon Musk, the billionaire leading an effort to slash government spending, police his own conflicts). This week, he’s scheduled to dine with his new memecoin’s top holders. …

“And despite talk of a recession, the clan stands to get richer than ever.”