Monday, 7 July 2025

"Most Massive Transfer of Wealth Upward in American History": John Nichols on Trump's Budget Law

July 7, 2025 | President Donald Trump and his allies are celebrating the passage of his sweeping tax and spending bill, which he signed into law on July 4 after a monthslong effort to shepherd it through Congress. Ultimately, just three Republicans in the Senate and two in the House voted against the legislation. The so-called Big, Beautiful Bill includes about $1 trillion in federal cuts to Medicaid and could kick 17 million people off their healthcare. It makes the largest-ever cuts to food assistance benefits, could cause the closure of nursing homes and rural hospitals across the country, raises housing and energy costs, and supercharges the Trump crackdown on immigrants — all while delivering massive tax benefits for the wealthiest people in the country


Trump and his Republican henchmen are as crooked and corrupt as they are shameless. What a shitty, cruel country America has turned out to be! Why people look up to that shithole as the non plus ultra is totally beyond my comprehension. – © Mark Alexander

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