The bill give massive tax cuts to the extremely rich, and it attempts to pay for part of that by:
kicking many low income and disabled people off of federally funded health insurance
closes poor rural hospitals that depend on Medicaid money
cutting subsidies for manufacturing jobs that make emerging green tech, like EVs
food and child care assistance will disappear for many poor families.
and there is a bunch of weird little sneaky things hidden in it that people hope don’t get noticed because the bill is 200+ pages
When you do the math, the rich will get a lot of money, the very poor will have lose money, the and middle class will break even but many will be put on unemployment.
And it costs an extra $4,000,000,000,000, which is fucking bonkers.
I guess the big argument is that giving a bunch of money to the wealthy will stimulate the economy. Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t much to support that argument. Trickle down economics hasn’t been shown to work.
I also, if you’re in the camp that doesn’t believe in climate change and or thinks poor people are poor because of character flaws, then you probably like this thing. Or if you’re a wealthy person who donated a lot of money to republican politicians, you probably like this thing, because it’s a return on investment.
It’s not particularly great. Many people on the right only voted for it because they’re afraid Trump will primary them, and end their political careers, if they oppose.
Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t muchis nothing to support that argument. Trickle down economics hasn’t been shown to workhas been conclusively shown to not work.
A lot of people still buy into trickle down economics despite consistently not working for the several decades we have tried it and reflexively support tax cuts for the wealthy. A lot of those same people also think that kicking people off of what they consider to be “welfare” will somehow magically result in those people quickly becoming employed, thinking that the reason they aren’t employed is because they aren’t facing serious enough consequences for unemployment.
Normal people hate it because it’s gutting things like Medicare, and GOP ghouls hate it because it doesn’t cut enough and will add to the deficit by a lot
That’s a really good explanation thanks! Can you ELI5 why the bill sucked?
The bill give massive tax cuts to the extremely rich, and it attempts to pay for part of that by:
When you do the math, the rich will get a lot of money, the very poor will have lose money, the and middle class will break even but many will be put on unemployment.
And it costs an extra $4,000,000,000,000, which is fucking bonkers.
This sounds ludicrously bad. What are the perceived benefits? How is it being sold to peopl? It sounds abysmal
I guess the big argument is that giving a bunch of money to the wealthy will stimulate the economy. Although, that’s an argument that many nations, including the US, have 50 years of data on, and there isn’t much to support that argument. Trickle down economics hasn’t been shown to work.
I also, if you’re in the camp that doesn’t believe in climate change and or thinks poor people are poor because of character flaws, then you probably like this thing. Or if you’re a wealthy person who donated a lot of money to republican politicians, you probably like this thing, because it’s a return on investment.
It’s not particularly great. Many people on the right only voted for it because they’re afraid Trump will primary them, and end their political careers, if they oppose.
FTFY
A lot of people still buy into trickle down economics despite consistently not working for the several decades we have tried it and reflexively support tax cuts for the wealthy. A lot of those same people also think that kicking people off of what they consider to be “welfare” will somehow magically result in those people quickly becoming employed, thinking that the reason they aren’t employed is because they aren’t facing serious enough consequences for unemployment.
It has literally never worked, even over a century ago when it was called “horse and sparrow economics,” and it never will.
Normal people hate it because it’s gutting things like Medicare, and GOP ghouls hate it because it doesn’t cut enough and will add to the deficit by a lot
No, the GOP hates it because it will cut into their poorest voters, big time, such a cut that Fox won’t be able to explain it away.
Doubt
Ah I see thanks. Cits to medicaid can only be bad IMO. How does it add to the deficit?
It’s four trillion dollars in spending, huge tax cuts that mean less revenue on top of the cost, and cuts to incredibly important programs.
Ahhhh thanks 😊