One health policy professor said cutting Medicaid and similar programs "will be devastating" to millions of Americans.

Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.

Congress has signed off on a $3.4 trillion legislative package featuring new tax breaks, spending cuts, and more funding for defense and immigration enforcement, delivering President Donald Trump his “big, beautiful bill” despite rumblings from fiscal hawks about the projected $4 trillion it could add to the national debt over the next decade.