How Potential Federal Cuts to Medicaid and SNAP Could Trigger the Loss of a Million-Plus Jobs, Reduced Economic Activity, and Less State Revenue

• Potential Medicaid and SNAP cuts discussed by some policymakers could lead to 1 million lost jobs and a $113 billion reduction in states’ GDPs by 2026

• Across the U.S., state and local tax revenues would plummet by an estimated $9 billion if proposed Medicaid and SNAP cuts are enacted

Abstract

• Issue: States are facing deep cuts in federal funding for Medicaid and the Supplemental Nutrition Assistance Program (SNAP), as envisioned by a U.S. House of Representatives budget resolution. These could include $880 billion in Medicaid cuts and $230 billion in SNAP cuts over 10 years.
• Goal: To estimate the impact of broad-based funding reductions in Medicaid and SNAP for all...

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