Last night, a bill on the devastating expenses of the president adopted the house with one vote.
Speaker of the House of Representatives Mike Johnson and President Donald Trump talk to the press members when they are sent to the US Capitol.
(Andrew Harnica / Getti Image)
It was not quite killed night, but at the corrupted dawn morning on Thursday, the GOP conference was rallied to transfer President Donald Trump to internal expenses, using a narrowth margin, with a vote 215 to 214. Requirements requiring built -in work on issues that provide for the publication of drugs that correspond to the federal tax. Payments to state and local authorities, as well as include pure energy initiatives in accordance with the inflation reduction law. Taking highly skilled voting terms, Johnson actually dared to costs hawks in and around the house to avoid disagreement out of the Maga Party line under maximum advertising conditions. Predictably they died; Only two expenses for tough lines, Thomas Mass from Kentucky and Warren Davidson from Ohio, voted “” “” No, but two more voted. The chairman of Freedom Kauk Andy Harris from Maryland voted for the present – symbolic but empty, gesture.
The legislation, which is the sponsor of the House of Representatives, has officially dubbed the great beautiful bill in loyalty to Trump, is actually a great ugly lie. The package brings together a lush tax reduction for the most prosperous Americans with a regressive set of core revenue for workers – in particular 625 billion dollars in reduced Medicaid payments Over the next ten years, which would refuse to cover 7.6 million Americans, reports Budget bureau of congress. Food assistance under the Snap Federal Program will also be transferred to $ 300 billion, and the government’s expert governments will take support. Law massively unpopular rollback During the agitation seasons. GOP candidates will be able to campaign on the cynical symbolic features of the package that practically do not re -distribute or impact on income, such as suspension of tips and writing off for car loans. . did not appear in past deals.)
If you are looking beyond such a cosmetic freer, the bill takes the largest upward redistribution of wealth According to any legislation in American history, with a projected tax reduction by $ 4 trillion. This makes the already regressive tax reduction adopted under the Trump spending program for 2017 permanent: two -thirds of additional $ 2.5 trillion will come to people at the top quintile taxpayers, earning $ 217,000; One quarter will go to the first percent that earns $ 1 million and more, according to data A non -partisan tax policy center. Meanwhile, in 2026 – the first year comes into force – Lower Quintra, which earns $ 17,000 a year and less – to see after a $ 1035 tax revenue; This figure will increase to $ 1405 by 2030, according to Analysis from a non -partisan budget Pen Wartan. (The comparable figure for the best wages, 0.1 percent earn more than $ 4 million a year, appears after tax growth in revenues of $ 389 280).)
Republicans also dishonestly advertise costs within the plan as the main measures of fiscal discipline. In reality, the measures close the increase of 3 trillion. By the federal deficit over the next decade, while expanding the ceiling of the debt – the artificial mechanism for strengthening the cost deficit – for $ 4 trillion. As these numbers flooded, the Moody’s credit rating agencies lowered the triple rating and the first time, concluded that the country is deeply restless about the cost deficit.
The Republican lawmakers rejected this step, citing the prospect of increasing the overall economic growth as a probable palliative for the financial impact of the bill. But this is what has cheated the cider, who always claim steep tax reducing, and the evidence does not yet make them; Indeed, the investment markets that have already introduced a serious discipline of the inconspicuous tariff of Trump – there are offensives – there are Already in return was already to the same figures that sent intricate analysts to the bear mode.
This regressive tax scheme is also accompanied by a new draconian set of Maga border measures, with $ 150 billion to be allocated to the detention and detection regime established within the first major legislation of the Congress, the lawn law. The bill also denies immigrants the main benefits in accordance both program. The repression of immigrants in conjunction with the confiscation of wealth for the upper quintil is the migration of the ideology of the authoritarian magic in the heart of the budget process, creating an artificial deficit in social benefits, which will be used as brutal means to restrict the “real Americans” and unvaccinable forbid.
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With a limited SOPS -to -income and car loans, it serves to excite the same violated social contract, as well as disposable payments for a couple of $ 1,000 with a newborn baby. All of these measures make the roar of Maga around social programs and auxiliary income, promising a miserable thunderstorm for children born in the United States or borrowers on the titles of cars, while knocking out all that remained from the US well -being to sign the promoted taxes that are not substantiated in the field of economic conditions.
None of this is surprising, and all in general is the regressive economic promises of Trump in 2024. But in the raw political terms, the most rigid conclusion from the debala made by Trump and Mike Johnson: it is a legislative victory made from the blind gerontocratic drift of the Democratic Party policy. GOP started this session in Congress with most five years; Since then it has grown to an eight -year stock thanks the death of three members of the Democratic House swearing as members of the 119th Congress.
The very last of them was Virginia’s representative Jerry Konali, a 75-year-old member of the House Supervision Committee, which announced that he had been diagnosed with esophageal cancer immediately after getting rid of the rebels to the left of the young representative of New York Alexandria Okosio Corces. If he lived a week, the horse could provide a key voting against this horrible and predatory bill – the one that could help defeat it. Instead, the death of the horse is a gloomy repetition of parallel and harmful power of power Joe Biden; Like this now known episode, which helped to overcome Trump’s re-election, it is a democratic-broker charging that has set a deeply unpopular and reactionary bill of the magician right on the way to the passage. And with the expected list of seventy Democrats Cruise on autopilot into the next election cycleTrump, Johnson and their allies are likely to continue banking in the gloomy reaper in future legislative shows.
