Corey Husak

A jobs day to remember! Check out my latest video for the full story on what happened on Friday and what this means for our economy

the voting rights act is, in its entirety, obviously constitutional under the 15th amendment, which gives congress broad and proactive authority to stop racial discrimination in voting. and you know it is obviously constitutional because roberts has had to invent entire new doctrines to gut it.

Healthcare, the one industry still doing major hiring, is in for big federal cuts.

First, NIH and NSF cuts this year. Next, ACA subsidy cuts starting next year. Then, Medicaid cuts starting in the coming years.

How long do they keep hiring for?

Illustrated infographic showing three profiles of illustrative tipped workers Jack, Marian, and Peggy. Title text says, 'Cuts to health care and food assistance matter more to tipped workers than "no tax on tips".' Subheader text shows, "Effects of selected policy changes on illustrative tipped workers, 2026."

Despite appearances, the OBBBA's "no tax on tips" provision will only benefit a small number of workers, and many of them will suffer more from the law's severe program cuts. Learn more: www.americanprogress.org/article/desp...

Despite ‘No Tax on Tips,’ Trump’s Big ‘Beautiful’ Bill Is Bad for Tipped Workers “No tax on tips” is a symbolic tax break that is very limited and poorly targets the workers who need tax relief the most. Many among the small number of workers who will benefit will also face the bi...

Read more here: www.americanprogress.org/article/desp...

Finally, “No Tax on Tips” will be difficult to access.

Its a tax deduction (not a credit, not a min. wage) with many restrictions. i.e. 1/3 of all tipped workers don’t have a tax liability to deduct from.

Business tax breaks in the bill don’t have similar restrictions…

The work hours column is also important. Rs ramped up paperwork requirements for SNAP and Medicaid—Now to get lifesaving help you must consistently work >20 hrs/wk. Tipped workers often don’t control their schedule so will get kicked off. This affects waiters/bartenders in particular

Tipped workers are mostly low-income and only 1/3 get health insurance at work. We present the first estimates of how many tipped workers are vulnerable to the coming Medicaid, ACA and SNAP cuts. Its well over 1 million (over 30%)

New research from me @americanprogress.bsky.social
today: How will Trump’s OBBBA affect tipped workers?

Most have focused on “no tax on tips”, but tipped workers are esp. vulnerable to the bill’s program cuts. Medicaid & SNAP cuts vastly outweigh the worker tax cuts

Let's put the $3.4 trillion cost of Republican reconciliation law in context.

Its tax cuts are so costly that Republicans could have extended all of the expiring tax cuts for families (including millionaires) without cutting SNAP/Medicaid...and it would have cost *less*.

$1 Trillion in Medicaid Cuts—$1 Trillion in Tax Giveaways for the Richest 1 Percent: The One Big ‘Beautiful’ Bill’s Budget Math The congressional Republican bill will cause millions of low-income Americans to lose Medicaid coverage in order to fund tax giveaways for the top 1 percent of households.

The congressional Republican bill will cause millions of low-income Americans to lose Medicaid coverage in order to fund tax giveaways for the top 1% of households.

Not the most important aspect of this bill, but still an important aspect. Is it enough to kick up inflation? Perhaps only modestly, esp with tariffs.

Caveats: the $500b would be larger if not for how CBO counts student loan reforms. Baselines differ, etc

After years of debates about inflation and fiscal stimulus, its striking that Republicans are passing a new fiscal stimulus.

Even relative to current policy, this bill pours $500 billion into the economy, mostly over the next 3 years

It is extremely difficult to overstate the harm from this bill. There has never been a larger cut to low-income Americans in US history. The bill cuts Medicaid by roughly $1 trillion dollars, at least four times the size of what was the largest Medicaid cut before this bill. It also cuts SNAP by roughly $175 billion, the largest in history, taking food away from children. People’s lives will be ruined because of this bill as the most vulnerable have support ripped away from them. It’s egregious enough that this bill makes the poor poorer, but at the same time it makes the rich richer. This bill quite literally takes from the poor while giving to the rich. Taken together, this is therefore the largest transfer of wealth from the poor to the rich in a single law in US history. That is impossible to justify morally. It is at a fundamental level unfair. Life is unfair, and it is the purpose of government to help alleviate that unfairness. This bill moves in the wrong direction, leaving those struggling the most worse off, betraying the promise of the government working to help the people it represents.

My statement

Today's number (+147K) shows steady job growth in an economy anxious about Trump’s tariffs and weakening consumer spending threatening to slow investment. An inopportune moment for Congress to pass a budget bill that kills jobs, guts basic needs programs, and adds $3.4 trillion in deficits. Why? 🧵

NEWS — Senate R's refusing Dem request for a bipartisan meeting with the parliamentarian on using current policy baseline to pay for tax cuts. Budget Cmte GOP spox: "There is no need to have a parliamentarian meeting with respect to the current policy baseline because Section 312 of the Congressional Budget Act gives Graham — as Chairman of the Budget Committee — the authority to set the baseline. "There is nothing to debate and we consider this matter settled."

I want to be very clear about what’s happening: Senate Republicans know the parliamentarian will say they can’t use 312 to pretend tax cuts are free (because two have two Byrd rule problems).

So they are refusing to meet with her so they can pretend they never ignored her when they do it anyway.

Senate Republicans are calling to cut Medicaid and CHIP by over $1 trillion, growing to an 18% cut by 2034.

This would be at least four times the size of the largest Medicaid cut in history.

Republicans just lost 10% of the affirmative savings they wanted to get in reconciliation.

Truly in awe of the Bernie Sanders HELP staff and the Jeff Merkley Budget staff.

Some personal news

amtrak’s marketing team gets it

Regressive bills BOTTOM 20% TOP 20% 2025 Current G.O.P. bill Lose Gain 2017 Obamacare repeal* Lose Gain 1997 Tax and budget acts Unclear Gain 1996 Welfare act Lose No change Progressive bills BOTTOM 20% TOP 20% 2022 Inflation Reduction Act Gain Lose 2021 Build Back Better* Gain Lose 2010 Affordable Care Act Gain Lose 1993 Clinton budget act Gain Lose 1990 H.W. Bush tax act Gain Lose Regressive, but all gain BOTTOM 20% TOP 20% 2017 First Trump tax cuts Gain Gain most 2013 Obama tax cuts Gain Gain most 2001/03 W. Bush tax cuts Gain Gain most *Not enacted

NYT found the “big beautiful bill” would be the largest transfer from the poor to the rich in a single law since at least 1990.

In fact, it would be the largest transfer *ever.*

Reagan’s low-income cuts were MUCH smaller - and his tax cuts were done separately. And before him, nothing comes close.

Folks, CBO estimate of the distributional effect of the One Big Beautiful Bill Act is out: www.cbo.gov/system/files...

It's grotesque

New figures from CBO about how Americans at different income levels are affected by the GOP's Big Beautiful Bill.
Topline finding: Richest decile gets about 2% richer. Poorest decile gets about 4% poorer.
www.cbo.gov/publication/...

Mortgage Costs Could Rise Under Debt-Financed Reconciliation Bill | Committee for a Responsible Federal Budget 2025-06-06-A deficit-financed reconciliation bill could raise Americans’ mortgage costs by thousands of dollars per year by pushing up interest rates.

Unfortunately, the current Administration is doing all they can to keep mortgage interest rates high: www.crfb.org/blogs/mortga...

New from CRFB, we estimate how mortgage costs will increase in 2034 as a result of the OBBBA. The bill's deficits ⬆️ mortgage costs, meeting or exceed the tax cut for many families:
-Avg mortgage payment +$1,450
-vs pp tax cut of $1,550

By 2055, costs skyrocket

Mortgage Costs Could Rise Under Debt-Financed Reconciliation Bill | Committee for a Responsible Federal Budget 2025-06-06-A deficit-financed reconciliation bill would raise Americans’ mortgage costs by thousands of dollars per year by pushing up interest rates.

The way to keep these costs under control? Limit the cost of the reconciliation bill!

Read more here: crfb.org/blogs/mortga...

We use CBO's conservative estimate, but if the true number is closer to the Fed or AEI, then anyone who borrows money (mortgages, credit cards, business loans, etc) is in for high cost growth.

Even with CBO's number, mortgage interest costs grow a lot over the coming decades

The driver here is debt. As debt rises, countless papers tell us this raises interest rates for the government and the economy at large. For every increased %pt of Debt-to-GDP, interest rates rise:
-2 basis pts (CBO)
-3 bps (Dallas Fed)
-4.5 bps (AEI)

New from CRFB, we estimate how mortgage costs will increase in 2034 as a result of the OBBBA. The bill's deficits ⬆️ mortgage costs, meeting or exceed the tax cut for many families:
-Avg mortgage payment +$1,450
-vs pp tax cut of $1,550

By 2055, costs skyrocket

On top of everything else, Cuomo is yet another politician who doesn't live in New York City. On top of all of his flaws, why are these groups just glossing over the reality that the guy is squatting his daughter's apartment just so he can run for mayor? He doesn't know anything about city life.