Also noted that the GOP haveanaged to get their budget through, meaning $4.5tn in tax cuts, $800bn cut to Medicaid, and a raising of the debt ceiling by a mere $4tn for 2 years, at which point they'll ask for another one, and another. The report below suggests that the new debt ceiling of $40tn will be reached before the end of 2026, and that as a result of these tax cuts it will reach $55tn within 10 years.
That's assuming not only that the government can save the $1.5-2tn in the plan (doubtful) but also that there's a $2.6tn boost to the economy as a result (also doubtful), especially with tariffs.
During the debate over this budget, a democrat asked for an amendment that would mean those earning over $1m a year would get no tax cut, to show that the republicans really were "for the people". Every republican voted against that amendment.
So another amendment was tabled to say no tax cuts if you earn over $10m a year. Again rejected by the republicans.
So yet another was tabled with the figure at $100m a year. Rejected.
Only one republican didn't vote for this budget.
That's assuming not only that the government can save the $1.5-2tn in the plan (doubtful) but also that there's a $2.6tn boost to the economy as a result (also doubtful), especially with tariffs.
During the debate over this budget, a democrat asked for an amendment that would mean those earning over $1m a year would get no tax cut, to show that the republicans really were "for the people". Every republican voted against that amendment.
So another amendment was tabled to say no tax cuts if you earn over $10m a year. Again rejected by the republicans.
So yet another was tabled with the figure at $100m a year. Rejected.
Only one republican didn't vote for this budget.