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.