Column: In the corridors of the Congress and on the Venice canals, the new golden age has a moment
The juxtaposition on the weekend was appropriate: a great ugly bill in Washington and a big garish marriage in Venice.
This is what the Senate’s debate days on President Trump’s law and almost 1,000 pages had in common the days of rejoicing Nuptial $ 50 million of the richest world in the world, Jeff Bezos, and still running Lauren Sánchez: an excess exhibition for a new golden age, encapsulating the Gulf between Non-demo and yachts. (The “yacht ports” of Venice would have been All reserved For marriage, but not by the “Koru” of Bezos 417 feet long.)
The president was invited, Natch, but he was a non-presentation. Consider their legislation their gift to the happy couple. Sánchez and Bezos have a lot to love at Trump Absurally entitled “One Big Beautiful Bill Act” Make its way through the congress managed by the Republicans. But the employees of Amazon de Bezos and many of his customers of reduction pace? Not so much.
It may be the most inequitable and reversed hood budgetary giant of all time. It would make permanent and develop the 2017 deep Trump tax reductions which have benefited in a disproportionate way to the rich. The cost of several dollars of several dollars would be offset by approximately 1 billion of dollars in health care discounts, mainly on the Medicaid program which serves more than 70 million people. Other cuts would end clean energy projects (cost jobs and the famous the future of alternative energy to China) and to reduce nutrition programs for needy. Meanwhile, spending would increase about 15 times for the application of immigration, paying deliberately cruel detention centers such as Trump’s new “Alligator Alcatraz”.
Conclusion: approximately 3.5 billions of dollars of additional debt Over the next 10 years, according to the Congressional Budget Office.
This monstrosity would be exacerbate What is already Inequality of recorded income In the United States. It would reverse the drop in the last decade, under Obamacare, in the number of Americans without health insurance, causing 17 million People to lose coverage, according to the non -profit KFF of health health. Other rural hospitals, which depend on Medicaid, would close. Forget the “Minutiae of Medicaid Policy”, ” tweeted Vice -president JD Vance, supposed elegaist of Hillbillies and other oppressed Americans – is the additional cracquet of the repression that counts.
Health threats are even looming as two Research articles recently reported that Obamacare and its expansion of Medicaid had saved the lives of many low -income adults. A study Last month, the proposed cuts could increase the avoidable deaths by almost 17,000 per year. The otherIn May, concluded that up to 20% of the well -documented disparity during the lifespan of low and high -income Americans, with the latter living longer, is attributable to the lack of health insurance among those who have lower income.
In other words, the supposed One Big Beau Bill Act would be a killer.
It would of course be the worst. But other descriptors are so overwhelming that only Trump’s death of the Republican colleagues can explain why they would vote for this politically suicidal package. With Question this badThe mid-term elections of 2026 cannot come early enough to expel the majority of the Ruby of the Republicans at the Congress and check the madness of Trump.
“The greatest transfer to the rise in the richness of American history”, ” said The Atlantic of the details of the bill. “The greatest reduction in programs for low -income Americans”, ” according to The Bobby Kogan budget guru in the left center for American Progress. “The most expensive legislation probably since the 1960s”, ” said Analyst Jessica Riedl of the Conservative Manhattan Institute, “… stack thousands of new loans in addition to deficits that already jump.”
This accumulation could not occur at a worse time.
For decades, budget experts warned against a next exercise tsunami In the 2020s, which would overwhelm the economy while retired boomers drew from social security,, Medicare and Medicaid while federal income was drained by tax reductions. However, the Presidents and the Republican Congress continued to reduce taxes and, in the league with the Democrats, failed to provide necessary and relatively painless adjustments to the so -called rights programs.
And now we are there, Kifing Medicaid not to do so and the overall more healthy tax budget, but to compensate for the cost of more Tax reductions promoting the rich, which increased the debt.
Trump, clearly made the speech that he is going to break the first mandate of the biggest debt in a presidential term (8.4 dollars), Wednesday moans in a post“No one wants to talk about growth.”
Americans are on this fiction that tax reductions pay for themselves. Reagan presidents, George W. Bush and Trump 1.0 all have disproportionate tax rates for rich and companies, saying economic growth would help reduce deficits. They were wrong. To make Trump again and expect a different result, as saying the saying, the Definition of madness. The only recent republican president who helped reduce deficits was George HW Bush because he raised Taxes as part of a balanced bipartite package of expense reductions And Increase in taxes – Shared sacrifice, something that Trump knows nothing about.
Just as the Senate puts an end to his vote to adopt Trump’s bill on Tuesday, sending him back to the House, Senator Angus King, an independent of Maine, was heard cries To the Republican Senators when leaving, “Shame on you.”
Does he not know now that Trump and his party servants have no shame?
In Venice, Bezos, the billionaire groom, also came for dazzling. A enormous banner Captured the famous Piazza San Marco before its three -day Bacchanalia: “If you can rent Venice for your wedding, you can pay more taxes.”
Bezos could, but he won’t. We have gone beyond the tax policy to fall back. These are stockings for Bezos, other billionaires and all the simple millionaires. We are all going to suffer from the hangover, however, and nothing more than the most needy among us.
@Jackiekcalmes @jackiecalmes.bsky.social @jkcalmes
