House, tax policy center
Digest more
1dOpinion
Jacobin on MSNMaybe We Need a New Word for “Inequality”It’s something beyond tragedy, beyond farce. The Trump administration and its Republican congressional allies are trying to pass the “One Big Beautiful Bill Act,” which would, among other measures, make Donald Trump’s 2017 tax cuts permanent.
The tax provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was skewed in favor of the richest people in the country, further eroded the nation’s revenue base,
The massive fiscal legislation passed in the House last week would permanently lower individual income tax rates, giving Republicans a major advantage in their decadeslong tax war.
Behind the GOP's populist facade lies a tax plan that would benefit corporations and wealthy households while cutting programs like Medicaid and SNAP.
The US House of Representatives, the lower house of Congress, in which the Republican party has a slender majority, has passed President Donald Trump's government budget proposals. Trump calls
The sprawling tax and spending bill before the House of Representatives would cut more than $200 billion from food assistance, potentially affecting 4 million children and 7 million adults, while providing an estate tax cut costing roughly the same amount to a few thousand people who will leave behind more than $7 million to their heirs.
Hundreds of thousands of low-income residents in the state could lose food assistance and health care coverage, leading to an even greater divide between rich and poor.
The "big, beautiful" and egotistically named "Trump Accounts" offer a flash of cash and loud branding — but not much else to really support parents.