Photo: Aaron Schwartz/AFP/Getty Images Last year’s One Big Beautiful Bill Act paid for its tax cuts and its vast increases in mass deportation and defense funding in two principal ways: a total reversal of incentives for clean energy and major cuts in Medicaid and SNAP spending . This was advertised as an assault on “waste, fraud, and abuse,” a hardy perennial of racially coded right-wing rhetoric dating back to the 1960s. Now in 2026, as congressional Republicans eye a new fast-track budget