New Big Beautiful Bill Break Down of Who Wins & Loses
Is There a $1.3 Trillion Cut to the Social Safety Net? Yes—approximately $1.3 trillion in cuts over 10 years come from:
Main Areas of Cuts:
These cuts disproportionately affect low-income families, disabled individuals, and seniors.
Are There $1.3 Trillion in Tax Cuts Going to Billionaires?
Pretty close they actually are getting more! The tax provisions in the bill:
Permanently extend the Trump 2017 tax cuts
Add new ones like:
Tax-free tips and overtime
Capital gains loophole expansions
Estate tax threshold raised again
Pass-through business income break extended
Impact on the Wealthy:
The top 1% (earning ~$1 million+/year) receive an average annual tax cut of $60,000–$250,000
Billionaires, who make their money from capital gains and pass-through entities, benefit the most
The top 0.1% would see a combined tax cut of $500 billion to $1 trillion over 10 years, according to the Committee for a Responsible Federal Budget and Brookings.
Do the Safety Net Cuts "Pay For" the Billionaire Tax Cuts? Not fully. Here’s why:
In other words: the safety net cuts cover only about one-third of the cost of the total tax cuts. The rest is borrowed. Plus there is no restrictions on stock buybacks which is how the profit in corporations transfer to the CEO and shareholders instead of the workers or the business itself. This made possible by the corporate tax cut staying the same which went form 35% to 21% in 2017 during Trump’s first tax cut.
So lets see a side by side list of just who the winners and losers of this bill are and see if you would of voted for this back in November:
There you go MAGA, that there’s what you all voted for. Hope you’re happy with the results! I think it all sucks major donkey dick since why give people who already have money more of it, just so it can be invested, creating more inequality. Why keep adding to the deficit for later generations to pay down instead of being accountable for the 34 trillion thats already there! The only way to pay down the debt is to tax people more and cut defense spending by 25%. Like I always state every single time Republicans gain power they do 2 things: Cut taxes for the rich and increase defense spending. Thats it, thats all they do! This in turn gives us more debt, more inflation, and benefit cuts in the future. Someday America will look just like India because of these stupid, policies put for the by these shitty Republicans!
Heres a good explanation of all the changes which are all in the Project 2025 Plan to take over the US government with Christians in charge: