Trump's 'Big Beautiful Bill' Is Outright Class Warfare | Historic giveaway to the ultra-rich and multinational corporations, paid for by working people
Snippet of Article: "...Donald Trump’s “big beautiful bill” – passed by House Republicans last month – has been marketed as a ‘tax cut for the middle class.’ In fact, it represents another round of handouts for the wealthy.
As the Institute on Taxation and Economic Policy (ITEP) has laid out in their recent analysis, this legislation is a brazen giveaway to the ultra-rich and multinational corporations, paid for by working people. ...Far from delivering relief to struggling households, the bill would widen the already obscene disparities in wealth and income in the US. In 2026, the top 1% of earners will receive $124 billion in tax cuts; more than the combined total going to the bottom 60% of taxpayers. On average, that’s a $70,000 windfall per millionaire. While working-class families struggle to pay rent, billionaires will now be able to pass on up to $30 million to their heirs tax-free, thanks to changes in the estate tax."
