\n<\/p>\n
Even if you haven\u2019t read the entire text of the GOP spending bill<\/a>\u2014and don\u2019t worry, a number of Republicans didn\u2019t either<\/a>\u2014you probably won\u2019t have a hard time guessing whom it benefits, given Donald Trump<\/strong>\u2019s enthusiasm for the thing: billionaires, of course, who are the president\u2019s favorite constituency. But according to number crunchers, the bill doesn\u2019t just slash low-income programs like Medicaid and food stamps; when all is said and done, it also hurts low-income households more than it helps them. Oh, and it gives ICE a nice raise too.<\/p>\n The Washington Post<\/em> reports<\/a> that a host of nonpartisan analyses show that low-income and working-class families would get screwed by the One Big Beautiful Bill Act, even accounting for the tax cuts they\u2019d receive. Yes, despite Trump\u2019s and the GOP\u2019s claims of caring about the workingman, the Congressional Budget Office said last week that the 30% of households with the lowest incomes would fare worse under the legislation, with households in the bottom 10% ending up worse off by almost $1,600 a year. But don\u2019t take just the CBO\u2019s word for it!<\/p>\n Another analysis of the bill, conducted by the University of Pennsylvania\u2019s Wharton Budget Model, found it would hurt the bottom 60% of households financially when taking into account how much it would force the government to borrow over the next decade.<\/p>\n A third analysis, conducted by Yale\u2019s Budget Lab, found the bill\u2014when combined with the effects of Trump\u2019s tariffs\u2014would make all but the top 20% of households worse off.<\/p>\n<\/div>\n<\/blockquote>\n Put another way, Yale\u2019s Budget Lab found that 80% of households<\/em> would be worse off if this bill were to go through. Which is a f–k ton of households.<\/p>\n Of course, while anywhere between 30% and 80% of households are expected to be worse off under the legislation, Immigration and Customs Enforcement is slated to get an extra $75 billion<\/a> added to its budget over several years, presumably to help the agency go after people<\/a> at places like Home Depot.<\/p>\n Perhaps not surprisingly, a Quinnipiac poll conducted in June found<\/a> that just 27% of voters approve of the bill, while 53% oppose it. Maybe Joni Ernst<\/strong> should do some more PR<\/a>!<\/p>\n<\/div>\n\n