menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

GOP Budget Takes From the Poor and Gives to the Rich

3 0
previous day

The GOP claims to be the party of the working class. Their budget, which House Republicans are rushing to vote on, says the opposite.

There has been a lot of discussion recently about what New York Times writer David Leonhardt has called the “class inversion of American politics—with most professionals supporting Democrats and more working-class people backing Republicans.” If this political “class inversion” is real, it seems awfully hard to square with the signature policy of the second Trump Administration: the so-called “One Big, Beautiful Bill” (OBBB). This bill will result in easily the largest one-time upward redistribution of income in U.S. history.

Advertisement

Advertisement

Take one jarring symmetry: the spending cuts to health care and food assistance programs in the bill will average about $120 billion each year over the next decade while the new tax cuts for households already making over $500,000 each year will average just over $120 billion per year.

The OBBB combines staggeringly large benefits to the richest households in the country with

© Time