What A Day Trump's War On The Poor
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Jul 7, 2025 Jacob Bogage, Congressional economics correspondent for The Washington Post, dives into President Trump's significant budget bill, which threatens to cut essential safety nets for millions of Americans. They discuss the political maneuvering behind its passage and the devastating impact on Medicaid and food assistance programs. The episode also explores the bill's long-term implications for the national debt and middle-income households. Additionally, Jacob touches on the tragic flooding in Texas and diplomatic tensions in the Middle East, highlighting a chaotic political landscape.
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Trumps Budget Bill Benefits The Rich
- The 2023 budget bill signed by Trump cuts social safety programs for the poor while benefiting wealthy individuals and corporations with tax breaks.
- Republican opposition to the bill weakened due to party pressure rather than concessions from leadership.
Winners And Losers In The New Law
- The big winners of the new law are businesses and wealthy individuals due to tax rate stability and new deductions.
- The losers are low-income Americans facing cuts and stricter conditions on Medicaid and SNAP benefits.
Bill Deepens Poverty Through Cuts
- The bill cuts $1 trillion from Medicaid and $200 billion from food assistance programs, harming low-income people.
- Additional fees and taxes on immigrants and remittances worsen financial burdens on vulnerable populations.
