Chad Bolt

Biden IRS made it free and simple for you to file your taxes directly. The Trump Admin is making you go back to TurboTax.

Shameful.

Ex-GOP lawmaker: Medicaid cuts politically risky Former GOP Rep. Larry Bucshon, who retired from Congress in January, is cautioning his Republican colleagues that cutting Medicaid could be politically perilous.

Yeah, turns out voters across the political spectrum don't like it when you take away their health care to pay for billionaire tax cuts. www.politico.com/newsletters/...

Social Security, facing pressure from DOGE, weighs big cuts to phone service Agency considers ending phone program that helps with claims processing and is used by millions of elderly and disabled Americans.

They are standing between seniors and the Social Security benefits they've earned, they're doing it right out in the open, and it is to pay for tax cuts for billionaires. Keep saying it. www.washingtonpost.com/politics/202...

They said they wouldn’t touch Medicaid. They’re lying.

Republicans Are Cutting Your Social Security to Pay for More Billionaire Tax Cuts - Families Over Billionaires Republicans Are Cutting Your Social Security to Pay for More Billionaire Tax Cuts By Chad Bolt and Alex Lawson House Republicans are hard at work on their number one priority: deliver more tax cuts fo...

Cuts to Social Security are not a far-off possibility in the future, they’re happening *right now* — in the form of closed field offices and terrible service. This paves the way for further cuts later.

Why? To pay for more tax cuts for billionaires. www.familiesoverbillionaires.org/republicans-...

Republicans Are Cutting Your Social Security to Pay for More Billionaire Tax Cuts - Families Over Billionaires Republicans Are Cutting Your Social Security to Pay for More Billionaire Tax Cuts By Chad Bolt and Alex Lawson House Republicans are hard at work on their number one priority: deliver more tax cuts fo...

READ: The GOP budget plan Republicans put in motion would slash Medicaid and Medicare -- but they aren't stopping there.

“Morale is in the toilet,” the employee said. “We all know what DOGE wants to do, which is just break us, so they can privatize us.”

This employee nails it: the Republican effort to slash Social Security to pay for billionaire tax cuts is well underway. t.co/h6JIXIiNCm

House Republicans right now, waiting for Mike Johnson and Lindsey Graham to work it out on the remix

Trump and Republicans rn

Unlike the individual tax code, which uses progressive tax rates calibrated by income, import taxes—paid by U.S. companies, which could pass the costs onto consumers—work like flat sales taxes and are super regressive. www.piie.com/publications...

The blunt approach to revenue that Trump is taking with these tariffs -- to pay for tax cuts for billionaires! -- is one that the federal government abandoned more than 100 years ago precisely because it was so unfair to the average American and their family.

New collaboration from @chadderr.bsky.social and I (no longer just collaborating in the Senate!) laying out the tradeoffs in the emerging House GOP tax bill.

For example--they are using cuts to Medicaid to help finance tax cuts to the top 2 percent of Americans.

The only people asking for more tax cuts for billionaires... are billionaires. Republicans and Democrats alike should reject these shameless tax giveaways and show us whose side they're *really* on by building a tax code that puts workers first and supports kids and families. 6/6

​​Finally, the emerging tax bill is shaping up to be a betrayal of Trump's promises. The 2017 tax law drove record levels of stock buybacks - which enrich already wealthy shareholders - but it mostly did not create new jobs or raise wages. This next round is more of the same. 5/6

The Budget and Economic Outlook: 2018 to 2028 In CBO’s projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt...

Tax cuts are not free and they don't pay for themselves. They'll explode the deficit - which leads to higher interest rates. A practical result? It will make it less affordable to buy a home, and as CBO projects, worsen our nation's housing shortage: www.cbo.gov/publication/... 4/6

How are they paying for this? It's the usual plans to slash SNAP and Medicaid - which 1 in 5 Americans rely on for health insurance - but also coming up with more creative ideas like taxing kids' college scholarships and getting rid of the student loan interest deduction. 3/6

Once again (this might sound familiar!) the benefits of the GOP tax bill will overwhelmingly go to the wealthiest households. That means Musk, Zuckerberg, etc get both a front row seat at the White House and a front row seat for the largest tax giveaways. 2/6

4 Ways House Republicans’ Emerging Tax Package Would Put Billionaires Over Families The emerging House Republican tax package would raise working- and middle-class families’ costs to shower enormous tax giveaways on the wealthiest Americans.

Trump and Republicans promised to lower costs for the American people, but their tax bill is poised to do just the opposite - all so they can give more tax cuts to billionaires. @brendanvduke.bsky.social and I are out with a new column today, explaining: www.americanprogress.org/article/4-wa... 1/6

Given that Tillis played a huge role in tanking a bipartisan Child Tax Credit agreement less than 6 months ago, not holding my breath here.

A new U.S. Treasury analysis shows that Congress doesn't have to extend tax cuts for high-income households if it wants to extend tax cuts for low- and middle-income families.

Cutting taxes for the rich is a deliberate policy choice.

home.treasury.gov/system/files...

This is the Republican blueprint to pay for tax cuts for billionaires: slashing Medicare and Medicaid, erasing climate progress by repealing IRA clean energy credits, cutting assistance for hungry people. When they show you who they are, believe them.