Statement • By Heidi Shierholz • July 1, 2025
The radical Republican budget bill steals from the poor to give massive tax cuts to the wealthy. And these tax breaks are such enormous giveaways to the rich that they will increase the deficit by nearly $4 trillion, even with the draconian cuts to health care and food assistance. If the Republicans wanted to add $4 trillion to the national debt, they could have instead written a $12,000 check to each and every adult and child in the United States. However, this grotesque bill would cause the bottom 40% of households to lose income on average. This country deserves better than this dumpster fire of greed, cruelty, and cowardice.
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