The House’s ‘One Big Beautiful Bill’ Is Only Beautiful If You’re Rich
The old professor in me thinks the best way to convey to you how utterly awful the so-called “one big beautiful bill” passed by the House last night actually is would be to give you this short 10-question exam. (Answers are in parenthesis but first try to answer without looking at them.)
1. Does the House’s “one big beautiful bill” cut Medicare? (Answer: Yes, by an estimated $500 billion.)
2. Because the bill cuts Medicaid, how many Americans are expected to lose Medicaid coverage? (At least 8.6 million.)
3. Will the tax cut in the bill benefit the rich or the poor or everyone?(Overwhelmingly, the rich.)
4. How much will the top 0.1% of earners stand to gain from it? (Nearly $390,000 per year).
5. If you figure in the benefit cuts and the tax cuts, will Americans making between about $17,000 and $51,000 gain or lose? (They’ll lose about $700 a year).
6. How about Americans with incomes less than $17,000? (They’ll lose........
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