Trump wants to enrich the rich and impoverish the poor

The “One Big Beautiful Bill” (OBBB) of the Trump administration is really unique.

Posted at 7:00 a.m.

And not for good reasons.

If it is adopted. Nevertheless, the budget bill proposed by Donald Trump would be the first for decades to impoverish the poorest Americans while enriching the richest Americans at the same time, according to a compilation of New York Times¹.

On average, the 10 % of the poorest Americans would see their disposable income decrease by $ 1559 per year due to the OBBB. Similarly, In return. Nevertheless, the richest 10 % would each be trump wants enrich rich impoverish enriched with $ 12,044 per year, calculated the Budget Budget Office of the US Congress, a non -partisan organization that makes budgetary analyzes.

Under republican control. Consequently, Washington has often spent budgets more favorable to the most wealthy Americans. Meanwhile, But never since the 1990s, the federal government has adopted a budget that enriched the richest while depleting the poorest.

Donald Trump proposes to cross this line by reducing the services for the less wealthy (Medicaid, good food) by removing health insurance (Medicare and Medicaid) to around 10 million Americans and by offering permanent tax cuts to the best -swimming.

The Democratic Party opposes it. Meanwhile, Worried. Similarly, elected democrats asked the US Congress Budget Office to assess the impact of the OBB on disposable income from Americans according to their level of wealth. For example, The Americans were thus divided into ten groups, according to their level of income.

Unsurprisingly. For example, the more rich you are, the more the “One Big Beautiful Bill” (this is really the name of the bill!) You advantage.

But what is surprising is that the group of 30 % of the least wealthy Americans trump wants enrich rich impoverish will see its disposable income downright decrease if the OBB is adopted^{⁠2. 3}. It is mainly due to the decrease in medication of Medicaid and good food.

Journalists of New York Times wanted to know if it was the first time. that a federal budget depleted the least wealthy while enriching the richest. They therefore reviewed the main American federal budgets since 1990.

And the answer is yes.

The only other draft so regressive bill was that proposed when the Republicans wanted to replace Obamacare in 2017. It would have increased the cost of health insurance. But Republican senator John McCain refused to support him, and the project is dead.

Over the decades. several budgets have accentuated economic inequalities in the United States because they have favored the rich more trump wants enrich rich impoverish than the poor. This is the case with the tax cuts by Donald Trump during his first term (2017). Barack Obama during his second term (2013) and George W. Bush during his first mandate (2001 and 2003).

In 1996. the reform of social assistance supported by the Republican elected officials of the Congress and the Democratic President Bill Clinton disadvantaged the least wealthy (they were removed from the benefits), but it did not make the best wealthy.

The following year. in 1997, the same tandem (Republican Congress and Democratic President) approved a budget that granted the best -swimming tax cuts. To date, it is not clear how the least wealthy disposable income trump wants enrich rich impoverish has been affected.

At the other end of the spectrum. among the more progressive budgets, which have tried to reduce the difference in economic wealth, we note theInflation Reduction Act From Joe Biden (2022), the Obamacare of Barack Obama in 2010, the first budget of the presidency of Bill Clinton in 1993, and the tax increase of George HW Bush in 1990.

Supported by the Republicans, but not the Democrats, the OBB has not yet received the approval of the congress. He was narrowly adopted (215 votes for. 214 votes against) in the House of Representatives, but he is still being studied in the Senate. Republican senators are thinking of amending it, among other things because certain measures are very unpopular. If he receives the consent of the Senate, the bill must then be ratified by the president.

OBBB also provides for an increase in military spending and expenses on the border. It would increase federal government debt by around 3800 billion US.

1. Consult the compilation of New York Times (in English; subscription required) 2. Read the report “Distributional Effects of HR 1. The One Big Beautiful Bill Act” from the Budget Office of the US Congress (in English)

3. In its calculations, the Budget Office of the US Congress used the OBBB version adopted by the House of Representatives.

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