• partial_accumen@lemmy.world
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    23 hours ago

    The House Republicans’ budget plan would give major tax cuts to high-income, wealthy households. Extending the expiring individual income and estate tax provisions for households with incomes in the top 5 percent of the income distribution (households with incomes over $321,000) costs around $1.8 trillion through 2034, accounting for 49 percent of the total $3.6 trillion cost of extension through 2034. That $1.8 trillion for wealthy and high-income households is close to the amount of the spending cuts House Republicans have outlined — including at least $880 billion primarily from Medicaid, $230 billion primarily from SNAP benefits, and $330 billion primarily from making student loans more expensive. Of the tax cuts for wealthy households, nearly $200 billion is for an estate tax giveaway that showers some $6 million per estate on the 1 in 1,000 wealthiest estates. In contrast, the average SNAP benefit is $6.20 per person per day, which helps struggling families put food on the table.

    Reverse Robin Hood. Stealing from the millions of poor to give to the few rich. Sickening.

    • gibmiser@lemmy.world
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      22 hours ago

      It doesn’t matter how much you tell republicans this shit. I don’t get it. I tell my republican friends I tell my wife I can show it to them And they will still just act like it’s nothing like i’m just Complaining…