{"id":1053693,"date":"2025-06-25T17:30:00","date_gmt":"2025-06-25T21:30:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1053693"},"modified":"2025-06-26T09:10:42","modified_gmt":"2025-06-26T13:10:42","slug":"icymi-the-more-americans-learn-about-trumps-billionaire-first-budget-the-less-they-like-it","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/icymi-the-more-americans-learn-about-trumps-billionaire-first-budget-the-less-they-like-it\/","title":{"rendered":"ICYMI: The More Americans Learn About Trump\u2019s Billionaire-First Budget, The Less They Like It"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Point:<\/strong> \u201cWith [Donald Trump\u2019s budget bill\u2019s] distinctive mix of tax cuts laser-focused on the rich and spending cuts that most hurt middle- and low-income Americans, it would shift more resources up the income ladder than any bill passed since scorekeepers started keeping track. And when voters learn what it would do \u2014 even Republican voters \u2014 they recoil against it.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2025\/06\/25\/opinion\/trump-republicans-megabill.html\"><strong>New York Times Opinion<\/strong><\/a><strong>: The Four Ugliest Points About the Big Beautiful Bill<\/strong><\/p>\n\n\n\n<p>By Jacob S. Hacker and Patrick Sullivan<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>With [Donald Trump\u2019s budget bill\u2019s] distinctive mix of tax cuts laser-focused on the rich and spending cuts that most hurt middle- and low-income Americans, it would shift more resources up the income ladder than any bill passed since scorekeepers started keeping track. And when voters learn what it would do \u2014 even Republican voters \u2014 they recoil against it.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In a survey we ran after the House version of the bill passed, we showed a random selection of voters how the bill would affect the take-home income of less affluent Americans versus the top 1 percent. <strong>Opposition exploded, with only 11 percent of Americans supporting the bill \u2014 one-third the level of support seen among those not shown the distributional results. <\/strong><strong><br><\/strong><\/li>\n\n\n\n<li><strong>Among Republicans, the shift was even larger: Support and opposition flipped \u2014 to nearly 3 to 1 opposition from nearly 3 to 1 support.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The current bill is basically a mix tape of these 2017 tracks, with some bonus material thrown in, including <strong>the biggest retrenchment of SNAP, also known as food stamps, in its history, and big cuts to loans and Pell grants for nonaffluent college students.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>When you combine those two epically unpopular bills you get an epically regressive result \u2014 the only budget bill since at least the mid-1980s \u2026 that reduces disposable income among the bottom 20 percent by the same magnitude as it raises it among the top 20 percent<\/strong> (by on average 4 percent of after-tax income, according to our colleagues at the Budget Lab at Yale University).<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In parallel with targeted tax cuts for the rich, Republicans, led by Mr. Trump, have promised to gut the Internal Revenue Service. <strong>If they succeed, the deficits caused by the bill, as well as its tilt to the affluent, would dramatically increase.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>[T]he bill will reduce the number of Americans with health insurance by 11 million <\/strong>\u2014 and 16 million if you take into account the fact that Republicans refuse to extend expanded tax credits for private health insurance in the Obamacare marketplaces.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Point: \u201cWith [Donald Trump\u2019s budget bill\u2019s] distinctive mix of tax cuts laser-focused on the rich and spending cuts that most hurt middle- and low-income Americans, it would shift more resources up the income ladder than any bill passed since scorekeepers started keeping track. And when voters learn what it would do \u2014 even Republican [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1053693","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICYMI: The More Americans Learn About Trump\u2019s Billionaire-First Budget, The Less They Like It - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/icymi-the-more-americans-learn-about-trumps-billionaire-first-budget-the-less-they-like-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-25T21:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-26T13:10:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/icymi-the-more-americans-learn-about-trumps-billionaire-first-budget-the-less-they-like-it\/\",\"url\":\"https:\/\/democrats.org\/news\/icymi-the-more-americans-learn-about-trumps-billionaire-first-budget-the-less-they-like-it\/\",\"name\":\"ICYMI: The More Americans Learn About Trump\u2019s Billionaire-First Budget, The Less They Like It - 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