Truthout
Tax Cuts
Trump SNAP and Medicaid Crisis Will Hit Hardest States That Cut Their Own Taxes
Twenty-six states that cut or terminated income taxes since 2021 may not have the revenue to continue the programs.
10 Richest People in the US Gained Nearly $700B in Wealth Since Trump Reelection
In 2025, the share of total US assets owned by the wealthiest 0.1 percent reached its highest level on record.
60 Years After Creation of Medicaid, GOP Cuts Threaten the Lifeline for Millions
The GOP budget bill slashes nearly $1 trillion from Medicaid, which is the largest payer of long-term care in the US.
Pushing Military Spending and Neoliberal Austerity, French PM Emulates Trump
Both the left and the far right in France see the government budget plan as something of a class war budget.
“Tax-Dodging Consultant” Is Now the US Treasury’s Top Tax Policy Official
As a lobbyist, Ken Kies secured tax giveaways for major corporations. Now, he’s helping implement the GOP budget bill.
Decades of Neoliberalism Entrenched US Inequality. Trump’s Budget Made It Worse.
Factoring in tariffs, the lowest 20 percent of income earners may lose $300; the top 1 percent will be $58,000 richer.
Senate GOP Moves to Slash Consumer Financial Protection Bureau’s Budget by Half
The new attack on the CFPB comes after an earlier proposal to eliminate its entire budget violated reconciliation rules.
Trump’s “Big, Beautiful Bill” Will Lead to 51,000 Preventable Deaths Each Year
Annual cuts to Medicaid would average $70 billion — roughly the same amount the wealthy will save in tax cuts.
Democrats Condemn Latest Trump Budget Request: “No Billionaire Left Behind”
The topline target of the Trump proposal aims to cut $163 billion from the 2026 fiscal budget.
Trump Budget Is “a Mugging Conducted by the 1 Percent Against the Rest of Us”
Senate Republicans will now have to pass their own version of the budget.