The Republican fantasy of lower taxes and hard-to-access social safety net programs will now be a reality

The Republican fantasy of lower taxes and hard-to-access social safety net programs will now be a reality

For decades, Republicans have argued that the US would be better off if taxes were low, and programs to help low-income Americans were harder to access. With Donald Trump’s marquee tax and spending bill now set to become law, the country will find out what it’s like to live under that sort of system.

The massive legislation that Trump plans to sign Friday will make his campaign promises a reality by extending tax cuts enacted during his first term, and creating new deductions aimed at the working-class voters who backed his re-election.

But it will also fundamentally reorder two major social safety net programs, slashing funding and imposing new work requirements that nonpartisan estimates say will cost millions of people their benefits. The ripple effects, experts say, will be felt across the country, and not just by the poor.

    • 2xspicy@sopuli.xyz
      0·
      19 hours ago

      Corporations and affluent individuals are among the biggest winners in this legislation. It reinforces the 2017 tax regime, prioritizes accelerated depreciation, and directs most of the tax relief to those at the top. I’m not personally in that category, but my husband is, so of course I support it.