GOP Proposes $4.5 Trillion Tax Giveaway to the Rich While 'Ransacking' Food Stamps and Medicaid
GOP Proposes $4.5 Trillion Tax Giveaway to the Rich While 'Ransacking' Food Stamps and Medicaid
"House Republican leadership put a giant bullseye on Medicaid, with the intent to strip Americans of their healthcare benefits to pay for tax cuts for billionaires and big corporations."
Who could have possibly foreseen this hilariously predictable outcome?!
That’s $4.5 trillion that will trickle down to all of us, any day now, just you wait, and wait, and wait, and wait, and wait…
My biggest frustration is not that Trump won, it's that as best i can tell these things are not even penetrating into the infosphere of maga. They are not only gleefully celebrating what they think he's doing, they are also seemingly completely ignorant of what they surely must not realize he's doing.
I don't know what to think about that. I don't think that low income Republican voters will feel the face eating of the leopards they voted for as what it is.
And I'm not even American, but I can see that this exact same thing is going to happen here in Europe/Germany as well. People will vote for the extreme right parties that have all their propaganda on how they are going to give money to the small people and make the country more secure - and at the same time their political programs and past behavior screams "we will give tax cuts mainly to the ultra rich and never cared about the low income people".
And they still get voted for. We just love us some good old fashioned fascism. Maybe I need to change my mindset and just be like "let's gooooo"
Know how we can directly trace the enshitification of the United States in many ways back to the Reagan administration?
Yeah, we just did that to ourselves again. But probably worse.
Realistically, we're going to spend the remainder of our lives witnessing the further enshitification of this nation.
Time to fuckin do something
I hate the language around the federal budget. First, how budget figures are reporting in 10 year intervals, when everything else is reported in 1 year intervals. So everything sounds 10 times bigger. When like only 5% of the population ever looks at the federal budget, this creates a TON of confusion.
Second, how reductions in tax (like to the rich) are reported as "giveaways". Taxes go in, not out. That's a reduction in revenue, not an expenditure or liability. You can say, "shift the tax burden even more onto the lower and middle classes". Then it's actually accurate. Getting fired from your job is not an expense, it's a loss of income. Same thing.
Oh I can feel the trickle!
Think of it as redirecting the food assistance to leopards, feeding them poor maga faces.
You will be paying for them in tariffs.
The title of this is a misleading simplification. $4.5 tn is not "Tax Giveaway to the Rich". It's a maximum cap on total tax cuts that could be in this budget. It is likely to include renewal of 2017 income tax cuts and increased child tax credit - both of these were popular and not just "for rich".
They may also raise SALT cap which benefits higher income people from states with high property taxes. Living in one myself, I can tell you that you don't need a mansion in a top school district to pay much more than $10k in property taxes. So this one is not just for billionaires for sure, but maybe from upper middle class.
There are promises Trump made to eliminate income taxes on tips and social security, which are obviously not beneficial only to rich. But I heard it would cost a lot, especially SS one. Not sure if $4.5tn is enough.
Unfortunately, it looks like proposed spending cuts to Medicaid and food stamps are favored by GOP and may be easy to pass, but they don't cover tax cuts by a big margin. So they can hurt people in need, and still have to balloon national debt even more.