NAACP chief slams One Big Beautiful Bill: Taking from the poor, giving to the rich

Derrick Johnson, president of the National Association for the Advancement of Colored People (NAACP), ripped into the One Big Beautiful Bill, calling it a "massive transfer of economic opportunity to the world's wealthiest."

He pointed out that the bill, now signed into law, slashes Medicaid funding by $930 billion, hitting services such as elderly care and the Affordable Care Act, while giving $910 billion in tax cuts to the wealthy.

"This is taking us back to the Gilded Age, before the New Deal of 1932," he warned.

Johnson emphasized that history has shown that such policies have never benefited the majority of Americans and have consistently funneled profits to the global elite. He further noted that the stark contrast between shrinking healthcare services on the one hand and furnishing the rich with tax giveaways on the other reveals the true nature of a public policy that prioritizes capital over people, risking a deeper wealth divide in American society.