this post was submitted on 21 May 2025
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Politics

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The nonpartisan Congressional Budget Office said Tuesday that the Republican legislation speeding through the U.S. House of Representatives would cut household resources for the bottom 10% of Americans while delivering gains to the wealthiest in the form of tax breaks.

The CBO also said Tuesday that the Republican reconciliation package, which Trump has championed, would trigger automatic cuts to Medicare spending—reductions that the nonpartisan body did not factor into its distributional analysis.

The CBO's analysis also did not include the impact of a tentative deal to boost the cap on state and local tax deductions (SALT), a change that would primarily benefit wealthy households.

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[–] Fredselfish@lemmy.world 17 points 3 days ago (8 children)

Water is wet, sky is blue, only the rich get their due.

[–] itsworkthatwedo@sh.itjust.works 6 points 3 days ago (7 children)

Oh glob, don't start that argument about whether water is wet again.

[–] SpaceNoodle@lemmy.world 3 points 3 days ago (6 children)

It's astounding how many people are in denial of the fact that water is indeed wet by any logical definition.

[–] lagoon8622@sh.itjust.works 0 points 2 days ago

It really is. And such a stupid fucking thing to try and be pedantic about

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