By skyforbes 
tax cuts
$4.5 trillion in tax cuts — NBC
What is Budget Reconciliation — the next step for Republicans to give tax cuts to their billionaire donors? Listen to this podcast.
What is Budget Reconciliation — Podcast
$4.5 trillion in tax cuts. There are approximately 350 million people in America and 735 billionaires. This $4,500 billion tax cut means taking almost $13,000 from every American to give an extra $6.5 billion to American billionaires. The Republicans submitted their budget resolution for funding the government called for cuts of $2 trillion to mandatory spending, a category that includes Social Security and Medicare. Republicans expect to cut food aid for more than 40 million low-income Americans. — Heather Cox Richardson
Republicans have talked openly about trying to cut Medicaid by introducing “work requirements,” under which Medicaid beneficiaries would have to demonstrate they are employed or are seeking employment, or had a valid reason not to do so. In reality, the majority of Medicaid beneficiaries already work, or cannot because they’re disabled or are caring for another person. — Huffpost excerpts
Follow the Republican scheme to reward their billionaire donors by gutting Social Security and Medicare with this relationship map.
Billionaire War On Working Americans
- The newly released House GOP resolution proposes a $4 trillion debt ceiling increase while allocating $4.5 trillion in new deficits for the tax-writing Ways and Means Committee. This move aims to extend tax cuts…
- Ways and Means Committee Chairman Jason Smith has noted that despite the $4.5 trillion allowance, it may not be enough to fully implement the proposed tax policies.
- The extension of Trump-era tax cuts is expected to face strong opposition from Democrats, who argue the original cuts favored the wealthy and corporations.
- With the national debt exceeding $34 trillion, fiscal conservatives within the GOP may also raise concerns about long-term economic impacts. — Newsweek
Check this map for the sacrifices you have to make so Musk can get richer: Social Security, affordable healthcare, veterans benefits, food stamps, Medicaid. And the MAGA Reps and Senators for where you live.
Follow the Republican scheme to reward their billionaire donors
Cut taxes for the rich . Use their self-inflicted lack of revenue as a reason to cut life-saving programs that families rely on.
Donald Trump’s rise to power was underwritten by his “ billionaire boy’s club ,” and he’s made it clear he intends to return the favor with even bigger handouts to the ultra-wealthy . Trump has promised to award close ally and mega-funder Elon Musk with a role as “ Secretary of Cost Cutting.” Musk even admitted that these cuts will “ involve some temporary hardship ” for Americans — which is rich considering he himself has paid very little or nothing at all in income taxes in recent years. — Rolling Stone
Map of MAGA cuts to your benefits
What is Budget Reconciliation
“Reports indicate that Republicans in Congress plan to use the reconciliation process in 2025 to advance priorities Democrats do not support. Republicans previously used this process to pass a tax law during the first Trump administration that slashed the corporate tax rate and gave outsized tax breaks to the top 1 percent.
Congress must follow a strict process to advance bills via reconciliation. This explainer walks through reconciliation’s basics, highlights major steps in the process, and offers a historical perspective on how Congress may handle hiccups along the way. For definitions of frequently used terms, check out Understanding Capitol Hill Jargon.” — Progressive Caucus Center
TakeAway: Don’t want to sacrifice your healthcare to to fund tax cuts for billionaires? Call your MAGA Rep and Senator.
Deepak
DemLabs
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Billionaire’s playbook to dodge taxes
Understand the billionaires’ playbook to see how they get richer by not paying their fair share of taxes, while sticking the rest of us with the tab. The numbers are staggering! Billionaires dodge an estimated trillion dollars in taxes every year. How much is a trillion? A million, million dollars! Divide a trillion dollars ( $ 1,000,000,000,000,000) in taxes that billionaires dodge by the estimated 334 million people in America. That means $3,000 that you are paying to support their lifestyle. Did you get a Thank You card? — DemLabs
