This is terrifying. I just saw a Youtube short that was particularly effective in explaining how bad it is. It also applies retroactively. |
This is a very Republican bill! I mean it doesn’t get more Republican than this:
“The Congressional Budget Office reports that those in the lowest 10 percent of the income scale would see their resources reduced while those in the highest 10 percent would see them increased.” |
Note, this is just income taxes. It doesn't factor in the increased prices because of tariffs which is a regressive tax on the poorest consumers. |
For decades Republicans have been yammering about "redistribution of wealth" schemes yet it's they who have been most responsible for redistribution of wealth - funds continually moving from the working class to the richest. |
This is what an authoritarian regime would do. Hidden deep in Trump’s 1,100-page bill that passed the House today is a provision that would block federal courts from enforcing contempt charges against government officials who violate court orders.
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Does anyone know if anyone is fighting this language here?? It's so alarming.. |
Markets might have the last word when senate takes this bill up next week
https://www.washingtonpost.com/business/2025/05/31/wall-street-warns-trump-tax-bill/ |
It's nice when the bond market grows the spine SCOTUS never could. |
Money always prevails |
Trump and his inner circle in the GOP have their own stupid insider trading schemes going on so they don't care if the economy tanks as long as they themselves are making money. |
I don’t understand how the bill could possibly impose this??? One branch can’t just take power from another, though I get they’re all desperately trying. I’m sure the parliamentarian is on it. |