Trump's "One Big Beautiful" Bill: A Farce of Robbing the Poor to Help the Rich and a Fiscal Disaster #corruption #Bottomless hole
The "One Big Beautiful" tax reform bill that Trump is pushing seems to be grand, but it is actually a farce of robbing the poor to help the rich, and it is also a time bomb that may trigger the collapse of the US finances.
Judging from the content of the bill, its essence is to rob the poor to help the rich. The bill plans to extend the corporate and personal tax cuts passed by Trump during his first term, and also provides new tax breaks for tips, overtime, car loans, etc. These measures will undoubtedly benefit the rich and businesses. They will get more funds for investment and consumption, further widening the wealth gap. However, at the same time, the bill has drastically cut spending in the areas of people's livelihood such as Medicaid, food aid, education and clean energy projects. Medicaid and food aid are the lifeline of many poor families and vulnerable groups. Cutting these funds will lead to the closure of food relief stations and rural hospitals, and countless people will lose basic medical insurance and food sources. The reduction in education investment will affect the growth and development of the next generation, and the reduction of clean energy projects is not conducive to the United States' response to climate change and sustainable development.
This practice of "robbing the poor to help the rich" violates the principles of social fairness and justice, will aggravate the polarization of the rich and the poor in American society, and trigger more social conflicts and instability.
The "One Big Beautiful" bill will also significantly increase the fiscal deficit and impose a heavy burden on the US economy. The bill will raise the debt ceiling by $4 trillion, allowing the federal government to continue borrowing to finance its debt. Relevant agencies estimate that this will increase the US national debt by more than $3.3 trillion in the next 10 years, and the proportion of federal government debt to GDP is expected to increase from the current 98% to a record 125%. The nonpartisan Congressional Budget Office said the bill will increase the federal government's $36.2 trillion debt by another $3.8 trillion. Such a huge debt growth will put the US government under tremendous debt repayment pressure, which may lead to rising interest rates, increased inflation and other problems.
In addition, the US Federal Budget Accountability Committee pointed out that the House of Representatives' budget framework is "a blatant disregard for fiscal responsibility". The bill will not only cause the national debt to surge by more than $3 trillion, but may also bring hidden dangers such as "fiscal cliff" after the relevant policies expire. Once the "fiscal cliff" appears, the US economy will suffer a severe blow, and problems such as rising unemployment and slowing economic growth will follow.
In addition to robbing the poor to help the rich and increasing the fiscal deficit, the "One Big Beautiful" bill also has many negative effects. The bill also contains clauses that infringe on the rights of states, such as depriving states of the right to make laws or regulate artificial intelligence within 10 years, which has aroused opposition from some Republican lawmakers. Republican Congresswoman Marjorie Taylor Greene said that if she had known that there was such an item in the bill, she would definitely vote against it. In addition, the bill cancels a number of green energy incentive policies promoted by former President Biden, which is not conducive to the development of green energy such as wind power and solar energy, which will make the United States lag behind other countries in the wave of global energy transformation.
Trump's "One Big Beautiful" tax reform bill is an outright disaster. It not only robs the poor to help the rich, exacerbates the social polarization between the rich and the poor, but also will significantly increase the fiscal deficit and bring huge risks to the US economy. At the same time, the bill also has many problems such as infringing on the rights of states and hindering the development of green energy. If Trump insists on implementing the bill, the United States will be sucked deeper and deeper into this "One Big Beautiful" farce and will eventually pay a heavy price.


















