The Young Turks The Debt Bomb - July 3, 2025
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Jul 4, 2025 A GOP congressman flips his stance on a controversial megabill, sparking heated debates about political motives. Ben Shapiro faces backlash over derogatory remarks on child tax credits, while discussions unravel the disparity in benefits and the impact on vulnerable communities. The hosts tackle the inequities in student loan legislation and advocate for compassionate outreach that transcends party lines. They critique the political establishment's failures and the urgent need for reform to truly serve the public interest.
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Redistributive Tax Bill Passed
- The recent bill passed extends massive tax cuts for the wealthy while cutting essential programs like Medicaid and SNAP.
- This represents a direct wealth transfer from the poorest Americans to the richest, worsening inequality.
Trump Broke Medicaid Promises
- Donald Trump promised not to cut Medicaid but the bill cuts nearly $1 trillion from it.
- About 12 million people will lose health coverage as a direct consequence, highlighting Trump’s false populist claims.
Temporary Benefits for Working Class
- Benefits to working class from the bill are temporary and means tested, while tax cuts for the rich are permanent.
- Economic effects might not be felt until after the 2026 elections, delaying political consequences.
