The Largest Upward Transfer of Wealth in American History
House Republicans voted to advance a bill that would offer lavish tax cuts for the rich while slashing benefits for the poor.
By Jonathan Chait, The Atlantic
House Republicans worked through the night to advance a massive piece of legislation that might, if enacted, carry out the largest upward transfer of wealth in American history.
That is not a side effect of the legislation, but its central purpose. The “big, beautiful bill” would pair huge cuts to food assistance and health insurance for low-income Americans with even larger tax cuts for affluent ones.
