Category: 1.1 trillion tax cut

More Detail on Trump’s “Big, Beautiful, UGLY Bill”

On July 3rd, the House of Representatives voted in favor of the single most inhumane piece of legislation in modern American history – a budget that strips healthcare away from 17 million Americans, takes food assistance away from 3 million Americans, eliminates school meal access for more than 18 million kids, adds nearly $4 trillion to national debt, sends electricity costs surging, and substantially raises health care premiums for older adults with ACA coverage.

All for what? Just so that 84 of the wealthiest people of the world get a tax break. So Donald Trump got what he wanted. His so-called  “Big Beautiful Bill” has now become law. Say goodbye to Medicaid, and say goodbye to SNAP.

The “Big, Beautiful Bill” slashes food and health benefits for the poorest Americans, while giving tax cuts to higher earners – blowing a hole in the nation’s safety net, accourding to healthcare experts and advocates for lower-income people.

Why it matters…  Experts say the cuts could unleash a tadal wave of pain – overcrowded emergency rooms, an increase in chronic health care issues, more medical debt, and more folks going hungry.

While a handful of the wealthiest people of the world get richer, the middle class and some of the poorest people of the world will die, because they will be denied health care. So now there is “No tax on tips” which gives just a few people a break, but that provision in the bill expires in a few years. But what about “Lower taxes for the rich” because of the bill. The bill extends the 2017 tax break that Trump gave to the rich in his first term. This bill cements this tax break permanently for the rich.

What happened about “No taxes on Social Security”? That provision was pretty much cut out of the bill, even though Trump promised that he would eliminate taxes on Social Security. A tax deduction on Social Security was added, but capped at $6,000. 95% of people who collect Social Security will continue to pay taxes on their benefit.

The people still do not know what’s in a bill that the Senate and House approved of and that Donald J. Trump signed into law. The lawmakers didn’t even have time to read the whole bill. But what is known is that the rich benefit and the middle class and poor are now behind the 8-ball.

So again, let’s go through some of the highlights that will haunt the Republican party in the mid-term elections.

  • $1.1 Trillion in Health Care Cuts.
  • 17 million losing health care.
  • Medicaid will disappear.
  • Kids with disabilities and the ones needing insulin are about to loose that.
  • All government assistance, including food stamps, housing and government assistance is lost just to give a massive tax break to 84 of the richest people in the world.
  • $4 Trillion tax cut for the rich would lock in many of the 2017 tax cuts passed in Trumps first term for the richest Americans.
  • It turbocharges funding for Trumps massive deportation.
  • It begins a seismic shift in the nation’s fiscal trajectory and raises the risk of a debt crisis. The national debt rises substantially, with $3.5 Trillion to $5 Trillion added.
  • In the Quinnipiac poll, only 29% support the bill, and 55% oppose it. The lawmakers that represent their people did exactly the opposite of what the majority wanted, just so that they could please Donald J. Trump. In a Fox News poll, only 39% support the bill, and 59% oppose it.
  • This bill will damage small cities and towns, many of which are Republican strongholds. Why? Because it stops money from being destined to local hospitals, approximately 1,000 hospitals across the country. Many of these hospitals will close because of the lack of funding. These hospitals are in rural areas, where the hospital itself is one of the largest employers in the area, and people will lose jobs. Towns will file for bankruptcy. They can no longer stay solvent.

Medicaid will no longer be approved for people that do not qualify for Medicare.

The so-called fiscal conservatives fell in line with the bill. The Republican party caved in. No longer can they ever own the moniker of being a fiscal conservative. The Republican party is a joke, and they do not represent their constituents, but instead they represent Donald J. Trump, a convicted felon, a tax cheat, a fraudster and a convicted rapist.

The Results of a “GOP Big Beautiful Bill”

It’s hard to imagine that the people that represent us in Congress are having such a difficult time in deciding whether or not to pass Trump’s big beautiful bill. Actually, both sides have passed the bill, but the process to pass bills today in Congress is so convoluted.

So far, this is what happened. First, the Republican led House of Representatives passed the bill first. Why were they in such a hurry to do so? It’s because they wanted to pass the torch to the Senate, and let them figure out a way to make it work, because they knew that in it’s present form, it would not pass in the Senate. They didn’t want to piss-off Trump, as the cowards they are. As expected, the Senate refused to pass the bill as sent over by the House. So the Senate modified it, and it passed with the narrowest of margins, with a 50-50 tie and then Vice President Vance broke the tie.

So now the modified bill that still contains provisions that are poison for the American people still exist in the bill. There will be debate in the Senate, and there is a good chance that the bill will be modified once again to appease some of the Republicans that just will not vote for it in it’s present position.

But let’s get into the ‘meat and potatoes’ of the bill that our elected representivives plan to vote on.

Here are the negatives of the bill…

1 – There will be $1.1 Trillion in Health Care cuts.

2 – 11.8 million people will lose their health care – Medicade will cease to exist.  All government assistance, including food stamps, housing and government assistance will be lost when this bill is passed that will give a massive tax cut to the rich.

3 – There will be a $4 Trillion tax cut for the rich that would lock in many of the 2017 tax cuts passed for the richest Americans.

4 – It turbocharges funding for Trump’s massive deportation.

5 – It begins a seismic shift in the nations fiscal trajectory and it raises the risk of a debt crisis. The U.S. debt raises substantially, between $3.5 trillion to $5 Trillion added.

6 – In a few polls, first, namely the Quinnipiac poll, only 29% support the bill and 55% oppose it.

7 – The Fox news poll only favors the bill by 39% and 59% oppose it.

What’s crazy, this bill that Republicans  in Congress are leaning to support will damage small cities and towns, many of which are Republican strongholds. Why do I say that? I say this because it DEFUNDS money destined for local hospitals. If you take the money away, these hospitals will close down. In many small towns, hospitals represent the second largest employer in the city. If the hospitals go down, the town goes down with it. Trump can’t give a damn about anyone except himself. He is so ignorant, that he doesn’t know that through his actions, he will go down as the worst president in U.S. history.  But maybe he’s not as ignorant as that. Maybe he knows but just doesn’t care.

Why would the Republicans attack Medicade just so that the rich will get a tax cut? Why does Trump want to hurt people in so many cowardly ways? Why do the American people put up with him? Everyone says that it will change in the midterms when Trump most likely will become a lame duck president, when the Democrats will take over the U.S. House and Senate. Many say that the Democrats will right the ship when they get back in power. But I’m not too confident that the country can last until then.

The one thing people say on the liberal side of the isle regarding this bill that is good is that the bill incorporates ‘NO TAX ON TIPS’, and ‘END TAXES ON SOCIAL SECURITY’.  Don’t the Democrats realize that ending taxes on social security will only be temporary and most likely will be changed back to the way it was before ‘Trump’s Big, Beautiful tax bill’? Do they realize by passing this bill will doom Social Security in the future? All for what? Just so the richest of the rich get a permanent tax cut.