US EditionAnalysis: How Trump’s megabill transfers wealth in the US
- House Republicans passed a large tax and spending bill dubbed a 'one big, beautiful bill' in late May 2025.
- The bill combines significant tax cuts primarily benefiting the wealthy with deep cuts to Medicaid and food assistance programs amid political disputes.
- Multiple analyses project the bill will increase the deficit by over $3 trillion, reduce Medicaid spending by nearly $700 billion, and cut $267 billion from food stamps over ten years.
- An independent study estimates the average household will save about $2,900 in federal taxes while the top 20% of earners receive 60% of tax cuts and the top 5% over a third.
- The bill is expected to worsen financial outcomes for millions by pushing them off aid programs, adding to the national debt, and faces uncertain passage in the Senate.
12 Articles
12 Articles
Messaging: It's not a transfer of wealth. It's strangulation around the neck.
Let’s talk about one of the most hollow, bloodless phrases in our political lexicon: “Transfer of wealth from the bottom to the top.” It sounds tidy. Technical. Like we’re talking about shifting a few assets between brackets on a spreadsheet. But...
Analysis by Tami Luhby and Zachary B. Wolf, CNN It took intense pressure from President Donald Trump, a late night of work, and a vote on a bill whose final changes were still unknown to many, but House Republicans got it done. They passed their version of a “one big, beautiful bill”—a massive initiative that combines tax cuts with new provisions that will leave many people without Medicaid or food assistance.
Analysis: How Trump’s megabill transfers wealth in the US
It took intense lobbying from President Donald Trump, an all-nighter, and a vote on a bill for which many people did not yet have a clear grasp of the final changes, but House Republicans got it done this week. They passed their version of the “one big, beautiful bill,” a behemoth that pairs tax cuts with new provisions that will push people off Medicaid and food assistance.
TLDR News Global — Why US Bond Yields Are Surging (Again)
US Republicans recently passed a Trump's megabill, crammed with his campaign promises. But the bond markets were less impressed, with the long-term yields rising to highest levels since 2007. In this video, we're taking a look at the recent rise in long-term Treasury yields and what it means for the US more widely. 📰 Too Long: https://toolong.news/ 💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Our mission is to explain news a…
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