Last night, the president’s destructive spending bill passed the House in one vote.
House Speakers Mike Johnson and President Donald Trump will speak to media members as they depart the House Republican Conference held at the U.S. Capitol in May.
(Andrew Harnik/Getty Images)
It wasn’t a death in the night, but at a nasty dawn on Thursday morning, the House GOP meeting came together to pass President Donald Trump’s signature domestic spending bill with votes of 215-214, at the narrowest margin. It curtails government and cleaning energy initiatives under the Inflation Reduction Act. By bounces back a visual timeline on voting, Johnson effectively dared to dare spending hawks within the Free Caucus of the House to oppose the Magazines’ line under the greatest conditions of propaganda. As expected, they fell into it. Thomas Massey of Kentucky and Warren Davidson of Ohio voted, while the other two didn’t. Maryland’s Freedom Caucus Chairman Andy Harris voted as an iconic but empty, dissenting gesture.
The House sponsored laws have blown the Big Beautiful Building off Trump, but in reality it’s a big, ugly lie. This package packs gorgeous tax cuts on the wealthiest Americans with a regressive series of cuts in basic income support for working Americans. Medicaid benefits fell to $625 billion Over the next decade, they will refuse compensation to 7.6 million Americans, Congressional Budget Bureau. Food aid under the federal SNAP program also has cuts by $300 billion, and cash-bound state governments are expected to receive lapsed assistance. The bill can humiliate the first wave of important support that begins after the mid-cycle of 2026. Large rollback Campaign season. GOP candidates can instead campaign on cynical iconic features of packages with little redistribution or revenue impact, such as tax suspensions on tips and repeated car loans. (These deductions will be phased out at the end of Trump’s presidency, another deep ironic link to the election cycle that budget analysts say. It has not been shown in past spending transactions. )
If you look beyond such cosmetics, the bill will be enacted. The maximum upward redistribution of wealth Under all laws in American history, tax cuts of around $4 trillion are around $4 trillion. Permanently renders already regressed tax cuts enacted under the 2017 Trump spending program. Two-thirds of the additional $2.5 trillion tax cuts earn $217,000 for top taxpayers. According to the quarter, they will be in the top 1 percent, earning over $1 million. Non-partisan Tax Policy Center. Meanwhile, in 2026, the bill will come into effect in the first year. This is the lowest quintile of earners under $17,000 a year, and considers the post-tax revenue decline of $1,035. That figure will increase to $1,405 by 2030. Analysis from the nonpartisan Penn Wharton budget model. (The number that rivals the very top earners of 0.1% who earn more than $4 million a year is after tax. increase With a revenue of $389,280. )
Republicans also fraudulently promote spending cuts under the plan as an essential measure of fiscal discipline. The reality is that the scale will increase the federal deficit of $3 trillion over the next decade and expand the debt cap (an artificial mechanism to strengthen increased deficit spending) at $4 trillion. When these numbers subsided, credit rating agency Moody downgraded the US Triple A rating for the first time, concluded that the country was deeply unsafe about its spending deficit.
Republican lawmakers have rejected the move, citing overall economic growth outlook that is likely to be mitigated against the bill’s financial impact. But it was a paranoid supplier always claiming about sudden tax cuts, and the evidence still hadn’t carried them. Certainly, the investment market, which already managed serious discipline against Trump’s inconsistent tariffs, is Already disappointed accordingly The same numbers as when you put a moody analyst in bare mode.
The regression tax scheme has $150 billion allocated to detention and rendition systems built under the Congress’ first major law, the Lake Ren Riley Act, and $150 billion allocated to $150 billion. The bill also denies basic benefits under the Social Security and Affordable Care Act, despite migrant workers being contributors to the objection. both program. Immigration crackdown, coupled with the seizing of top quintile wealth, represents migration to the heart of the budget process of authoritarian magazine ideology, creating an artificial shortage of social interests that is used as a brutal means of locking in rewards for “real Americans” and punishing migrant workers who are already not dependent on social subsidies.
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A time limit SOP to tilt income and car loans can help reinforce the same broken social contract, just like a one-off $1,000 payment to a couple with their newborn child. All these measures create a MAGA moat centered around social programs and income support, and promise a slight storm for borrowers in our born children and car titles. Meanwhile, the rest of the American welfare state plunders to undertake a gorgeous tax cut to wealthy people who are not justified remotely under the general economic situation.
This is not surprising, it follows everything that aligns with the regressive economic promises of the 2024 Trump campaign. But raw politically, here are the most cruel takeaways from the catastrophe that took Trump and Mike Johnson into account: It is a legislative victory created from the drift of the blind elderly people of Democratic political politics. The GOP began the parliamentary session with a majority of five votes. It then grew to an eight vote margin. Deaths of three Democratic House members She was sworn in as a member of the 119th Conference.
The most recent of these was Virginia representative Jerry Connolly, a 75-year-old ranking member of the House Oversight Committee. He announced that he was diagnosed with esophageal cancer shortly after dodging the rebel challenge from the left for a surveillance post from the young New York Rep. Alexandria Ocasio-Cortez. If he lived in the week, Connolly could have offered a significant vote on this horrifyingly predatory bill. That could have helped me beat it. Instead, Connolly’s death is a tough replay of Joe Biden’s parallel, harmless, harmful death grip. It was now a democratically mediated depth charge that helped seal Trump’s reelection, like such an uninfected episode, set to pass the deep, unpopular, reactionary marquee bill of Magazine. And on pending rosters of Democrats over the age of 70 Autopilot cruising to the next election cycleTrump, Johnson and their allies can continue to maintain the bank on assists from tough Grim Reapers in future legislative showdowns.