Senate Republicans are enacting a massive tax bill that could negatively impact millions of Americans by removing health insurance, cutting welfare benefits, and increasing energy costs, all to favor a wealthy minority. The vote has passed in both the House and Senate, with further negotiations pending. Historically, Republicans have avoided funding tax cuts with reductions in spending, choosing instead to increase borrowing to delay the financial repercussions faced by a broader voter base, suggesting a strategy aimed at minimizing political backlash.
Congress is about to impose massive harm on tens of millions of Americans—taking away their health insurance, reducing welfare benefits, raising energy costs—to benefit a handful of wealthy individuals.
Republicans have historically been hesitant to pay for their tax cuts via offsetting cuts to government spending, opting instead to finance tax bills with increased borrowing.
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