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New Tax Law: $1 Trillion for Rich, Cuts for Millions

7/12/2025

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Summary

Story summary

The new tax law favors the richest 1%, handing them a staggering trillion-dollar tax break over ten years. Meanwhile, it strips healthcare from 17 million Americans, cuts food assistance, and diminishes green energy support, risking jobs and raising energy prices. This legislation deepens inequality and burdens future generations with debt.

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Story summary

The new tax law favors the richest 1%, handing them a staggering trillion-dollar tax break over ten years. Meanwhile, it strips healthcare from 17 million Americans, cuts food assistance, and diminishes green energy support, risking jobs and raising energy prices. This legislation deepens inequality and burdens future generations with debt.