I feel so downcast about this bill passing, and yet I’m not someone who is likely to suffer directly from it. The tax cuts benefit my family. Oh well. Rural Americans have only themselves and their Congressional representatives to blame.
– ‘Dean from USA’ commenting in the New York Times about Trump’s ‘One Big Beautiful Bill’ with its tax cuts and cuts to health care
If the headline says ‘Victory for Trump’, you just know it is bad.
America’s national debt is 36,200,000,000,000 (36.2 trillion) US dollars.
That’s 123% of the US Gross Domestic Product.
Our Congress is adding another 4 trillion to it.
Where does the 4 trillion that we cannot afford come from?
Tax cuts for the rich and the mega-rich, and shredding healthcare and social safety net programs for poor people.
From the New York Times:
The House on Thursday narrowly passed a sweeping bill to extend tax cuts and slash social safety net programs, capping Republicans’ chaotic monthslong slog to overcome deep rifts within their party and deliver President Trump’s domestic agenda.
The final vote, 218 to 214, was mostly along party lines and came after Speaker Mike Johnson spent a frenzied day and night toiling to quell resistance in his ranks that threatened until the very end to derail the president’s marquee legislation. With all but two Republicans in favor and Democrats uniformly opposed, the action cleared the bill for Mr. Trump’s signature, meeting the July 4 deadline he had demanded.