What you need to share about the “one big beautiful” ugly horrible bill

I subscribe to Robert Reich’s site also. The old economist as he calls himself asks that subscribers publish this particular commentary of Roberts, He is attempting to publish more information above Trumps tax cut bill. I can vouch for question 1 as I posted on how a cut in Medicare could happen. Robert is claiming it will happen with the passage of Trumps tax plan by Republicans. Write your congressional representatives to tell them how bad of a job they did by not voting against this bill or voting present or not attending the House to vote. Now for Robert:

Robert Reich: The old professor in me thinks the best way to convey to you how utterly awful the so-called “one big-beautiful bill” passed by the House last night actually is, would be to give you this short 10-question exam. (Answers are in parentheses but first try to answer without looking at them.)

1. Does the House’s “one big beautiful bill” cut Medicare? (Answer: Yes, by an estimated $500 billion.)

2. Because the bill cuts Medicaid, how many Americans are expected to lose Medicaid coverage? (At least 8.6 million.)

3. Will the tax cut in the bill benefit the rich, the poor, or everyone? (Overwhelmingly, the rich.)

4. How much will the top 0.1 percent of earners stand to gain from it? (Nearly $390,000 per year.)

5. If you figure in the benefit cuts and the tax cuts, will Americans making between about $17,000 and $51,000 gain or lose? (They’ll lose about $700 a year.)

6. How about Americans with incomes less than $17,000? (They’ll lose more than $1,000 per year on average.)

7. How much will the bill add to the federal debt? ($3.8 trillion over 10 years.)

8. Who will pay the interest on this extra debt? (All of us, in both our tax payments and higher interest rates for mortgages, car loans, and all other longer-term borrowing.)

9. Who collects this interest? (People who lend to the U.S. government, 70 percent of whom are American and most of whom are wealthy.)

10. Bonus question: Is the $400 million airplane from Qatar a gift to the United States for every future president to use, or a gift to Trump for his own personal use? (It’s a personal gift, because he’ll get to use it after he leaves the presidency.)

Most Americans are strongly opposed to all of these things, according to polls. But if you knew the answers to these 10 questions, you’re likely to be in a very tiny minority. That’s because of:

Please do your part: Share this as widely as possible.

Robert Reich, “What you need to share about the “one big beautiful” ugly horrible bill.”