White House published evidence that Trump's "big beautiful bill" hikes taxes on the poor to cut taxes for the rich

[Miles Archer]

Trump’s White House accidentally admitted the truth about its tax plan
Earlier this week the White House published evidence that the president’s “big, beautiful bill” hikes taxes on the poor to cut taxes for the rich.

https://www.msnbc.com/opinion/msnbc-opinion/trumps-white-house-accidentally-admitted-truth-tax-plan-rcna207301

The word "transparency" certainly does not describe President Donald Trump's second administration. Whereas during his first term, for example, transcriptions of all of his remarks were published, a HuffPost analysis found that less than a quarter of his speeches, press conferences and media availabilities have been transcribed for posterity four months into his second term.

Which makes it all the more remarkable that earlier this week the White House published evidence that the president's "big, beautiful bill" hikes taxes on the poor to cut taxes for the rich.

On a page entitled "ICYMI: 'Average earners’ tax bills would fall under House tax package, forecasters say,'" the White House includes a link with the text "Click here to see the official analysis from the Joint Committee on Taxation." The Joint Committee on Taxation is a nonpartisan committee that, among other duties, produces distribution tables breaking down how different income levels will be impacted by new tax laws.

*****

In 2029, Americans making less than $30,000 will actually pay more in taxes under the GOP's plan than under current law. Americans making less than $15,000 — the poorest of the poor — will pay 53% more in taxes than they do now as their average tax rate jumps from 3.3% to 5.1%. Meanwhile, households making over a million will pay 6.4% less in taxes (totaling an estimated $74 billion collectively), as their average rate falls from 30.8% to 28.7%.

[Submariner]

1. How Christian of them

Bif and Muffy will now be in line to inherit much more of Daddy’s money than they would have under Stingy Joe. Maybe Mike Johnson will throw in 100% tax deduction for funeral expenses for those making under $15,000/year.

[calimary]

4. Indeed!

Shameful. And I’m sure Mike Johnson thinks he’s being a “good Christian” as he “shepherds” this along. “Feed the poor” to the rich.

[pandr32]

2. That is not acceptable.

It is clear they want low income people to suffer. They already do, so why more? They aren't becoming homeless fast enough?

[byronius]

3. I think this is evidence that will end the concept of wealth.

It will become an evidentiary axe in a future drive to end personally accumulated wealth.

It is a cruel act of ignorance. Wealthy people should fear this idiocy. It dooms them.

[sakabatou]

5. And no one should be surprised

As this has happened when Shrub was in power: the taxes favored the rich and injured the poor.

[GoodRaisin]

6. Nice guys.