Only the Senate can stop the largest wealth transfer in US history
Last week, the House Republican majority passed what can only be called their "Big Billionaire Bill" — a budget reconciliation measure that amounts to one the largest transfers of wealth in American history.
This measure literally steals from the poor and the working class to give to the ultra-rich. As a member of the Ways and Means Committee, I know firsthand how this bill would take from working people and give to the ultra-wealthy. The consequences will be staggering if it becomes law.
Republicans promised tax cuts for all. But under their bill, families making $30,000 or less will actually pay approximately $20 billion more in taxes cumulatively over the next decade, according to the Joint Committee on Taxation. That’s not even counting the impact of losing Medicaid or the higher cost of living caused by Trump’s tariffs. Meanwhile, billionaires will pocket an average tax break of $255,000 a year.
I grew up working class, working jobs at Target and Subway. Republicans want to........
© The Hill
