Congressional Budget Office says the "Big Beautiful Bill" would give to the rich and take away from the poor

[Toddsterpatriot]

Yet a new analysis from the nonpartisan Congressional Budget Office estimates that under the bill, “in general, resources would decrease for households in the lowest decile (tenth) of the income distribution, whereas resources would increase for households in the highest decile.”

Markets tumbled Wednesday on concerns that Trump’s spending bill will lead to exploding federal deficits and weaker long-term fiscal health for the nation. The yield on the 30-year Treasury bond yield hit 5.09%.
https://www.cnbc.com/2025/05/22/rump-tax-bill-passes-the-house-advances-to-senate.html

The through line of GOP, now POT, politics for decades has been to prioritize the benefits to the rich over the poor. Pretending that if the rich get richer the poor will have more scraps. What was once called "trickle down economics." It has never worked. It will never work. They know it. They keep giving rich people tax cuts anyway. The reckoning is coming.

resources would decrease for households in the lowest decile (tenth) of the income distribution

By how much?

 

[Orangecat]

Budget office: Republicans’ megabill would give to the rich and take from the poor

If GOP officials are looking for good news in the Congressional Budget Office's new report on the party's reconciliation package, they won't find any.

www.msnbc.com

A fresh analysis from the Congressional Budget Office said the tax provisions would increase the federal deficit by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, the CBO said.

Of course, the repubs wanted to pass the bill without the insight of the CBO. But the Dems asked for an analysis. It is no surprise the bill will be opposite of Robin Hood's venture. The repubs, as usual, are shooting themselves in the foot. If this bill passes, as it is, there will be a red bloodbath in 2026, beginning in November in Virginia. This bill, coupled with the inflation expected from trump's tariffs will seal the deal.

So cutting waste, fraud, and unconstitutional wealth redistribution programs will happen at the same time as across the board tax cuts are extended. Sounds like a good start to reforming this federal mess.

 

[Mack The Finger]

Hey, you ignorant hack, how many illegal aliens qualify to get the health care benefits being cut?

.
About the same amount who pay taxes ???

 

[dudmuck]

So cutting waste, fraud, and unconstitutional wealth redistribution programs will happen at the same time as across the board tax cuts are extended. Sounds like a good start to reforming this federal mess.

 

[Orangecat]

Why would you want to raise taxes on anyone?

 

[John Edgar Slow Horses]

 

[dblack]

View attachment 1114210

It's funny, because even if that's not what's actually going on, MAGA seems to want that image - seems to want people to be afraid. They do nothing to dispute the narrative.

 

[JimH52]

Will millionaires be comforted by that meme when their investments go down the tube because trump's bill is going to further increase the national debt, causing the market to tank?

The bond yield is telling us investment in the US is not safe anymore. But trump would rather sell out the country in order to enrich his billionaire friends. He is determined to tank the country. Makes you think he is working for Poootin, huh?

 

[kyzr]

Why would you want to raise taxes on anyone?

...to stop borrowing.

 

[Independent thinker]

Budget office: Republicans’ megabill would give to the rich and take from the poor

If GOP officials are looking for good news in the Congressional Budget Office's new report on the party's reconciliation package, they won't find any.

www.msnbc.com

A fresh analysis from the Congressional Budget Office said the tax provisions would increase the federal deficit by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, the CBO said.

Of course, the repubs wanted to pass the bill without the insight of the CBO. But the Dems asked for an analysis. It is no surprise the bill will be opposite of Robin Hood's venture. The repubs, as usual, are shooting themselves in the foot. If this bill passes, as it is, there will be a red bloodbath in 2026, beginning in November in Virginia. This bill, coupled with the inflation expected from trump's tariffs will seal the deal.

Just not true.

 

[Orangecat]

...to stop borrowing.

I’d prefer they stop overspending.

 

[BluesLegend]

It's BIG, it's beautiful, it kicks Democrats in the nuts. KARMA is a bitch Dems SUCK IT!

 

[BluesLegend]

The BBB is for the private working class. It frees people from Dem plantations and takes money away from the Dem's government union worker base. That's why Dems HATE it.

 

[dblack]

Why would you want to raise taxes on anyone?

We'll never cut spending unless we raise taxes. People won't support cuts in spending as long as they're not paying for the spending. Until then, it's just free shit. Who says no to free shit?

 

[John Edgar Slow Horses]

Just not true.

Oh, so true. Very true.

 

[JWBooth]

Congressional Budget Office says the "Big Beautiful Bill" would give to the rich and take away from the poor​

If only that it were true.

 

[JWBooth]

Hate to say to all you Trump fanboys, but you're going got get figuratively ass raped again.

Over 1,000 pages, no spending cuts of any significance, no bureaucracies neutered or eliminated, the SALT provisions will be done away with (thereby restoring a defacto subsidy for high tax states of CA, NY, and IL), $2 trillion deficits for as far as the eye can see, more gimmicks and smoke-filled room payoffs, ad nauseum.

Your wormy and weak Speaker of the House sandbagged you for over three months, only to now run around with his ass on fire because the bill is due....Then this shit heap will get passed onto the Senate, where they'll throw in their customary heaping helping of pork and a few hundred more pages.

Then Trump will come out and sign it without hesitation, and go on about how this fucking travesty is the best thing to happen since pizza met beer.

Hate to say that DOGE was all a performance art pro rasslin' side show....Y'all have been had again.

That's my opinion, no link required.

You must've seen this game played before and kept a scorecard.

 

[Toddsterpatriot]

The bond yield is telling us investment in the US is not safe anymore. But trump would rather sell out the country in order to enrich his billionaire friends. He is determined to tank the country. Makes you think he is working for Poootin, huh?

The bond yield is telling us investment in the US is not safe anymore.

Which bond yield tells you that?

 

[John Edgar Slow Horses]

The bond yield is telling us investment in the US is not safe anymore.

Which bond yield tells you that?

Watch the stock market and the yields on the notes 2 year to 30 year.

And that will tell us if inflation is on the rise, and if so, how much.

 

[Blackrook]

Tax cut for me is good news. Shut the fuck up.