Republicans, can you please explain to me how a bill cutting taxes for the rich and increasing taxes for the poor is going to help matters?

@fanuc2013 explain to me how you police that

@fanuc2013 Tell me you didn't read the entire bill without telling me.

For starters, all those tax cuts to the rich are being funded by cutting my medical care and food, but you don't care about that, right? Why would you? That doesn't directly affect you in the slightest. And it also doesn't answer your question. You know what does?

https://www.cnn.com/2025/07/03/business/trump-big-beautiful-bill-business-economy

@fanuc2013 It doesnt .. the same 35-40% of people who paid zero federal tax in 2024 will pay zero federal tax when they file for 2025. Its liberal lies.

They might receive less in medicaid or food stamps .. but that is NOT paying more in federal taxes.

@BrandNewMan Repealing the IRA (one of the "savings" outlined in the Act) will result in the loss of tax credits that currently favour the poor. Combined with the loss of entitlements you describe above, those in the bottom quintile of earners (with less than $18K of income) will see around a -1.1% change in their household income (on average a loss of around $165, rising to $1,300 by 2033) while the richest 0.1% (earning over $4.4m) will see their household income increase by around 2.4% (on average $300,000) by 2027.

Always read the smallprint.

Source The Economist (1 July 2025).