If the MAGA crowd were concerned about NOT having government "of the billionaires, by the billionaires, for the billionaires" then there wouldn't even BE a shutdown!
REVERSE ROBIN HOOD - ROBS THE POOR TO PAY THE RICH
First and foremost, it amounts to another big tax break for the rich. The bill would increase the after-tax income for the richest ten percent of households by an average of more than
$12,000 a year, according to the Congressional Budget Office (CBO). The bill also allows special tax treatment for “pass-through” businesses that are mostly operated by wealthy people in the financial sector. This provision will allow these people to be taxed at the 20 percent capital gains rate instead of the 37 percent rate they would pay on normal income. According to an
analysis from the Yale Budget Lab,
the estimated net effects of the Senate bill would deliver $118,630 to those in the top 0.1 percent, while the bottom 20 percent of earners would actually lose $560 a year.
https://angrybearblog.com/2025/07/another-assessment-of-the-bbb-and-its-impact
KICKS MILLIONS OFF HEALTHCARE
The "
The Angry Bear" continues:-
- The best part is how they propose to offset the cost of the tax cuts and increased spending. This is where the dying comes in. They propose large cuts in Medicaid, subsidies in the Affordable Care Act, and food and nutrition programs for low-and moderate-income households. According to the Congressional Budget Office, more than 10 million people will lose health insurance coverage from the BBB.
- ...The Republicans know this sounds awful, so they just lie and say no one will lose their Medicaid. This is absurd. The Congressional Budget Office is projecting close to $800 billion in savings (roughly 10 percent of Medicaid spending and 1 percent of the total budget), which the Republicans are assuming in their analysis of the bill, based on the assumption that close to 10 million people will lose benefits.
- To be clear, the Republicans are making their cuts in the sleaziest possible way, they are increasing the paperwork required to get benefits. The most important item in this category is a work requirement. As it stands, the vast majority of people getting Medicaid already work. Past experience shows that work requirements don’t increase work, but they do cause people who don’t handle the paperwork properly to lose coverage.
- To appreciate the true sleaziness of this route for cutting benefits remember that Republicans have placed a high priority on reducing regulatory paperwork for businesses, saying that it creates an unnecessary burden. When it comes to businesses that have lawyers, Republicans are very sensitive to the difficulties imposed by complying with regulations. However, when it comes to lower income people, many of whom have limited education, the Republicans are very happy to impose more paperwork.
- And experience shows many will fail to complete the necessary forms correctly. This is the basis for the CBO analysis showing over 10 million people losing coverage and the government saving $800 billion over the decade on Medicaid.
- Throwing people off health insurance to pay for tax breaks to the rich sounds pretty awful, which is why Republicans lie about what they are doing, but those of us not in on the joke need to deal with the truth, not Trump’s reality TV show version.
The truth about the BBB is pretty awful, but at least passing the bill will make Donald Trump happy.
“Trump’s BBB Slashes Medicaid and Rewards the Rich,” CEPR
