It's all about the tax cuts for the wealthy...
Last edited Sun Apr 6, 2025, 08:35 PM - Edit history (1)
Trump can bloviate all he wants about fixing trade deficits and making government more efficient, but the truth is that chain-sawing government programs and imposing massive tariffs on imports will bring a sudden influx of revenue and savings to the US Treasury that Trump will pass on to his wealthiest supporters in the form of tax cuts. Normally this influx would go toward paying down the national deficit, but Republican senators are already hard at work making up the difference before people catch on to what is really happening:
Vote fell mostly along party lines and now goes to the House, where it could be voted on as soon as next week
Associated Press Sat 5 Apr 2025
Senate Republicans plugged away overnight and into early Saturday morning to approve their multitrillion-dollar tax breaks and spending cuts framework, hurtling past hardened Democratic opposition toward what Donald Trump calls the “big, beautiful bill” that is central to his agenda.
The vote, 51-48, fell along mostly party lines, but with sharp dissent from two prominent GOP senators. It could not have come at a more difficult political moment. The US economy is churning after the president’s vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Republican senators Susan Collins of Maine and Rand Paul of Kentucky both voted against the bill.
But with a nod from Trump, GOP leaders held on, determined to march ahead. Approval paves the way for Republicans, in the months ahead, to try to power a tax cut bill through both chambers of Congress over the objections of Democrats, just as they did in Trump’s first term with unified party control in Washington.
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https://www.theguardian.com/us-news/2025/apr/05/senate-republicans-trillions-tax-breaks-spending-cuts
= new reply since forum marked as read
(let me give this spelling another go!)
Cheers! 
