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Home»Politics»Trump’s Tax Bill Helps the Rich, Hurts the Poor and Adds Trillions to the Deficit
Politics

Trump’s Tax Bill Helps the Rich, Hurts the Poor and Adds Trillions to the Deficit

June 3, 2025No Comments6 Mins Read
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June 3, 2025

The “big, beautiful bill” confirmed that the Golden Age is laid on the window state “über-wealty”.

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Proponents gather on May Day in the City Hall in Philadelphia, Pennsylvania, where Senator Bernie Sanders held a rally on a battle tour of the oligarchy.(Kayla Bartkowski / Getty Images)

This article was originally published in The Guardian and reissued here with permission.

Rusy from a rose, or rather orange. FormerlyThe first buddy“And again the fiscal hawk Elon Musk was born Recently said It was “disappointed” by the budget of Donald Trump’s waste, which is now being discussed in the US Senate. Squeak House of Representatives thanks surrender From several republican scarce solid deposits, this is’A great, beautiful bill“Of course increases federal debt great” Almost 4 trillion dollars over the next decade.

Equally disappointed are those who are busy burning the populist veneer of Trump. Steve Benan had repeatedly promised higher taxes per millionaires but He confessed that he is “very upset.” This is because the bill will cut taxes on more than $ 600 billion For top-percent salaries, also known as millionaires. It means The greatest updating transfer of wealth in American history.

However, this double betrayal will do nothing to interfere with AppleTatchiks AppleTatch for its dear leader. Aski is Already on Twitter His gratitude to the President for the opportunity to manage the doge (that is, Funding cutting for cancer research). Thus, this bill has once again proved the readiness of the Republicans to abandon their beliefs as long as they can retain power. And for Trump he confirmed that his Laid the Golden Age It’s really just a windproof food for spicy as it is. Now it cannot be erroneous that the ruling philosophy of Republicans is neither conservatism nor populism, but restless hypocrisy.

Expecting self -proclaimed King of debt To balance the budget – or hope that workers will be protected by a billionaire whose personal motto is “You were fired– – He has always been figurative thinking at best. In your first term Trump Added 8 trillion dollars to the national deficit. Even without the cost of the costs, this double more debt When Joe Biden got up for four years in the White House. Almost 2 trillion. This tab came from -wit Trump’s tax, which put Three times more wealth For top -5 percent wage salaries than at the lower 60 percent. His benefits also declined, and the revenues remained apartment for workers who earn less than $ 114,000.

Trump’s insincerity on the shortage continues the consecrated republican tradition. All four Republican presidents since 1980 increased Federal debt. Combining the reckless militarism with the rampage of corporateism, George W. Balloon by 1 204 percent. If reportedly reported rheatized: “The deficit doesn’t matter”.

Except, of course, when the Democrat holds an Oval position. During his company for the US Senate in 2022 JD Vance break Biden’s signature in the amount of infrastructure $ 1 trillion as a “huge mistake” that would spend money on “truly crazy things”. As an improvement almost 200 000 miles of roads and repair more than 11,000 bridges across the country.

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Now it cannot be erroneous that the ruling philosophy of Republicans is neither conservatism nor populism, but restless hypocrisy.

According to the less insane, but of course, more cloudy, are vertical cuts in the social security network proposed in the current budget bill of Trump. Him 1 trillion US dollars Medicaid and Snap left 8 million Americans who are not insured and potentially stop food for 11 million, including 4 million children. If the Democratic Representative of the Ro Khan introduced the amendment To keep the coverage for 38 million children receiving medical care through Medicaid, Republicans have blocked it even from voting.

But with all the budget savings it too Provides 20 billion dollars In tax credits to create a national school vouchers. And equally outrageous its provisions that have nothing to do with the monetary weakening the rules on mufflers with a gun up to Hips of power of vessels To execute bans.

Perhaps the most exciting of all, however, is how shamelessly bill enriches the already rich mega. In the first year, his tax benefits are decorated with Americans in top -0.1 percent an additional $ 400,000In this case, reducing the profit of people at the bottom of 25 percent by $ 1,000. In other words, those who can least afford to finance for those who least need it.

If 50 per cent of Americans of the work class Who broke down for Trump in last year’s election, realizing that they voted in favor of reducing salary, they can start to feel a little disappointed with Crypto-Gaker. They may even feel attracted to a true populist vision, laid out by the progressive Bernie Sanders and Alexandria Okosio-Cartes in their country Fighting with the oligarchy tour.

At the same time, it is almost the inevitability that republican senators will recruit hands before clicking the green button to vote “yes”. Josh Houley called Law Previously mocked Like “bright”. The icon usually contains the Trumpial outbreak of psychological understanding, because Houley and his colleagues will undoubtedly do exactly what their colleagues have already done in the ward.

After Trump recorded his signature on the bill, his vision for the US will become unmistakable. Try as much as they could, not even spinners in Fox News will not be able to deny that it manages this country the way it has ruled Casino Atlantic -SitiLeading workers of Americans to financial destruction as long as it is richer.

Katrina Vanden Hievel



Katrina Vanden Hievel – Editorial Director and Publisher NationA leading source of progressive policy and culture in America. She held the post of editor of the magazine from 1995 to 2019.

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