Big Beautiful Bill Risks Deepening Inequality While Promising Growth

The Sheer Human Brutality of 'Big, Beautiful' Bill

Last week, Robert Rubin and I warned of the many macroeconomic risks created by the domestic policy bill President Trump signed into law on Friday. I stand by our judgment that it will most

Big Beautiful Bill risks deepening inequality while promising growth

Manasvi Jagtap The “One Big Beautiful Bill” (H.R. 1, 119th Congress) is being promoted as a pro-growth, pro-worker initiative. But for many Arizonans, especially working families, the bill’s sweeping changes could deepen inequality, undermine essential services, and destabilize the state’s long-term economic outlook.  At the heart of the bill is a permanent extension of the 2017 tax cuts, which primarily benefit corporations and high-income earn…

‘Big Beautiful Bill’ cuts expected to outweigh benefits for low-income families

It’s a question with profound implications for millions of Americans: With the Trump administration’s “One Big Beautiful Bill Act” signed into law July 4, will families thrive or languish? Will poverty increase, or decrease? Will more go hungry, or will more be fed?In a record-breaking eight-plus hours speech from the floor of the House, Democratic Minority Leader Hakeem Jeffries, D-N.Y. declared, “Republicans are trying to take a chainsaw to So…

'Big Beautiful Bill' cuts expected to outweigh benefits for low-income families - The Leaven Catholic Newspaper

It's a question with profound implications for millions of Americans: With the Trump administration's "One Big Beautiful Bill Act" signed into law July 4, will families thrive or languish? Will poverty increase, or decrease? Will more go hungry, or will more be fed? The post ‘Big Beautiful Bill’ cuts expected to outweigh benefits for low-income families appeared first on The Leaven Catholic Newspaper.

The One Big Beautiful Bill Act and the Putin Playbook for Managing Inequality

Photo by Marek Studzinski on UnsplashOn July 4, U.S. President Donald Trump signed the One Big Beautiful Bill Act (OBBA) into law. The law makes permanent Trump's 2017 tax cuts -- which primarily benefitted the wealthy -- while making steep cuts to Medicaid and food aid. It will exacerbate income inequality. According to the Penn Wharton Budget Lab, in 2033, U.S. households in the lowest 20 percent of income stand to lose an average of about $1,…