Making the rich richer and the poor poorer, again: “Economist Robert Reich points out that Americans making between about $17,000 and $51,000 will lose about $700 a year. On average, Americans with incomes of less than $17,000 will lose more than $1,000 a year. But if you are among the top 0.1% of earners, you’re in luck: you’ll gain nearly $390,000 a year.” 🤬

#Politics #USPolitics #TrumpsBigBeautifulBill #TaxCutsForRich #TrumpCorruptionEveryDay #LettersFromAnAmerican

https://heathercoxrichardson.substack.com/p/may-22-2025

May 22, 2025

Just before 7:00 this morning, the House of Representatives passed the Republicans’ megabill by a vote of 215 to 214.

Letters from an American