In 2025, the share of total US assets owned by the wealthiest 0.1 percent reached its highest level on record.
This post has been syndicated from Truthout, where it was published under this address.
US’s 10 Richest People Have Gained Nearly $700B in Wealth Since Trump Reelection Read Post »
The GOP budget bill slashes nearly $1 trillion from Medicaid, which is the largest payer of long-term care in the US.
This post has been syndicated from Truthout, where it was published under this address.
60 Years After Creation of Medicaid, GOP Cuts Threaten the Lifeline for Millions Read Post »
Both the left and the far right in France see the government budget plan as something of a class war budget.
This post has been syndicated from Truthout, where it was published under this address.
Pushing Military Spending and Neoliberal Austerity, French PM Emulates Trump Read Post »
As a lobbyist, Ken Kies secured tax giveaways for major corporations. Now, he’s helping implement the GOP budget bill.
This post has been syndicated from Truthout, where it was published under this address.
“Tax-Dodging Consultant” Is Now the US Treasury’s Top Tax Policy Official Read Post »
Factoring in tariffs, the lowest 20 percent of income earners may lose $300; the top 1 percent will be $58,000 richer.
This post has been syndicated from Truthout, where it was published under this address.
Decades of Neoliberalism Entrenched US Inequality. Trump’s Budget Made It Worse. Read Post »
The new attack on the CFPB comes after an earlier proposal to eliminate its entire budget violated reconciliation rules.
This post has been syndicated from Truthout, where it was published under this address.
Senate GOP Moves to Slash Consumer Financial Protection Bureau’s Budget by Half Read Post »
Annual cuts to Medicaid would average $70 billion — roughly the same amount the wealthy will save in tax cuts.
This post has been syndicated from Truthout, where it was published under this address.
Trump’s “Big, Beautiful Bill” Will Lead to 51,000 Preventable Deaths Each Year Read Post »
The topline target of the Trump proposal aims to cut $163 billion from the 2026 fiscal budget.
This post has been syndicated from Truthout, where it was published under this address.
Democrats Condemn Latest Trump Budget Request: “No Billionaire Left Behind” Read Post »
Senate Republicans will now have to pass their own version of the budget.
This post has been syndicated from Truthout, where it was published under this address.
Trump Budget Is “A Mugging Conducted by the 1 Percent Against the Rest of Us” Read Post »
The Institute on Taxation and Economic Policy said the cuts will barely boost the economy and mostly go to the rich.
This post has been syndicated from Truthout, where it was published under this address.
Will GOP Tax Cuts Pay for Themselves? Nonpartisan Analysis Says Not at All. Read Post »
GOP hardliners are reportedly pursuing an end to states’ Medicaid expansions and an earlier start to work requirements.
This post has been syndicated from Truthout, where it was published under this address.
Proposed Budget Bill Boasts Historic Medicaid Cuts. Some Republicans Want More. Read Post »
A spokesperson for the Unrig Our Economy coalition called the GOP package “a reverse Robin Hood of the highest order.”
This post has been syndicated from Truthout, where it was published under this address.
House Republicans Advance Massive Tax Cuts for the Rich Read Post »
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