Michael Linden
@MichaelSLinden
Thinks we shouldn't give more tax breaks to billionaires. Formerly @ombpress @Groundwork @RooseveltInst @amprog @senatebudget @HELPCmteDems. Personal account.
One of the open probes I cited involved Head Start, a child care program the admin at one point wanted to eliminate. We learned the investigation was ongoing because of documents I obtained. Today, GAO found the WH illegally impounded Head Start funds for months. Story TK
Fully exempting home sales from tax would represent yet another inframarginal transfer to older, richer Americans. Something close to 90% of homeowners are already exempt. The only people paying tax are worth around $6M on average. Some new @The_Budget_Lab calculations below:
Republicans have plenty of time to ram through tax cuts for billionaires—but they literally haven't even talked about extending health tax credits for working-class families. Republican indifference is a major reason why your premiums will be spiking dramatically THIS YEAR.
Do Republicans have any plans to extend ACA funding that expires at the end of this year, amid premium hikes? @SpeakerJohnson: "I think that goes to the end of the calendar year, so we'll have discussion about the issue later. But it's hasn't come up yet. But it's on the radar."
Donald Trump ran on lowering prices and instead put all his political muscle into a law that will raise the cost of health care, energy, food and education, just so rich people can get another tax cut. Not exactly what people voted for.
NEW Economist/YouGov: Inflation Donald Trump's net approval on inflation/prices (-29) is approaching the low mark of Joe Biden's presidency (-35) (Link in reply)
Remember that $500k of GAIN from home sales is ALREADY tax free. That means that this would be, yet again, another huge tax cut that only benefits the rich. At some point, can we stop pretending Donald Trump is a "populist"?
NEW -- Trump says he is thinking about eliminating tax on capital gains on home sales.
This is going to end up costing everyday Americans. When the wealthy and corporations don’t pay a fair share of their income in taxes, everyone else pays the price.
IG update: As of May, IRS workforce was down 25% from this year's 103,000 starting point. Pretty even spread over job types, including a 26% decline in revenue agents (auditors).
CBO's new estimate confirms: the Republican reconciliation law includes the largest #SNAP cut in history ($187B or ~20%). It will take food assistance away from more than 2M low-income ppl & cut food benefits for tens of millions more. Some states could even end SNAP entirely.
They keep saying they are protecting Medicaid's truly vulnerable Would be easier to believe if they didn't keep doing things that will hurt Medicaid's truly vulnerable It happened again last week, read about it in my latest for @BulwarkOnline thebulwark.com/p/trump-isnt-d…
Truly insane how much the GOP’s “one big beautiful bill” is going to jack up the price of health care for Americans
The GOP just enacted a massive tax and health care bill that included cuts to the ACA and extensions of expiring tax cuts (mostly for rich people). They chosee to end these credits. In fact, Dems explicitly made this one of the key criticisms of the bill!
We wrote about this earlier this week. GOP leadership has no idea how they’ll handle these expiring ACA credits and it’s a big deal. punchbowl.news/archive/71625-…
The BBB bill is making everything more expensive. That is the kind of thing that a Democrat would say about a bill that Republicans passed, so by all means don’t take my word for it. But do mark my words. The price of food, electricity, healthcare, is about to go up.
Health insurance premiums going up by ~25% in 2026 is going to be a major economic and political problem. And there is no real attempt from the Administration to do anything about it. wsj.com/health/healthc…
In all of the sea of disinformation, people still learn the truth. Most people think the GOP tax bill will hurt the working class and help the richest.
By approving the Administration’s rescission package, as is widely expected, congressional Republicans are sabotaging the bipartisan funding agreement reached just months ago & poisoning the well for future deals. cbpp.org/blog/rescissio…
NEW CNN Poll on the MegaBill It's underwater by 22-points SUPPORT: 39% OPPOSE: 61%
Rural hospitals are going to be hit by Trump’s budget “disproportionately,” says our @ENPancotti to @KSHB41 in Missouri. People are going to lose access to care - from doctors to hospitals to nursing home facilities - all because of Trump’s budget.
Higher premiums this fall, Medicaid cuts to follow, and more. Listen to @MichaelSLinden talk about what's next now that the GOP tax plan is law.
"It's the largest cut to healthcare in modern history." In Wisconsin, this means more than 260,000 people at risk of losing BadgerCare. @MichaelSLinden breaks down the Republican budget bill and what it means for Wisconsinites on @CubRadio: open.spotify.com/episode/0Z1Uxp…
Senator Hawley literally had the power to stop these cuts from happening in the first place. Not only did he vote for them, but had he voted "No," the bill would have failed.
Interesting — less than 2 weeks after Sen. Hawley voted for the reconciliation bill that would enact cuts to provider tax in 2028 + limit SDPs, he introduces a bill that would repeal those provisions and plus up the rural hospital fund
...roughly 100,000 Nevadans — or 12.5 percent of Medicaid enrollees — could lose coverage in the first two years after work requirements are implemented in 2027 or two years later if the state applies for, and receives, a waiver." Scoop, via @tabitha_mueller
Changes to Medicaid under the “Big Beautiful Bill" will cost Nevada an estimated $60M over the next five years, leading to a projected 100,000 people losing insurance after the first two years, when work requirements kick in. More from @tabitha_mueller: thenevadaindependent.com/article/report…
This is one those persistent myths that seem to never die. Rich people do not leave their cities, states or countries when their tax rate goes up. They may whine or complain (or threaten to move), but they don't move.
Do higher taxes on the wealthy encourage them to move? No. After New Jersey increased their tax rate for the very wealthy, “a total of 37 millionaires left. But in that very same year, the millionaire population of New Jersey increased by more than 3,000 individuals,” said…