The hard-right lawmakers are insisting on steeper spending cuts to Medicaid and the Biden-era green energy tax breaks, among other changes, before they will give their support to President Donald Trump’s “beautiful” bill. They warn the tax cuts alone would pile onto the nation’s $36 trillion debt.

The failed vote, 16-21, stalls, for now, House Speaker Mike Johnson’s push to have the package approved next week. But the Budget Committee plans to reconvene Sunday to try again. Lawmakers vowed to negotiate into the weekend as Trump is returning to Washington from the Middle East.

“Something needs to change or you’re not going to get my support,” said Rep. Chip Roy, R-Texas.

  • SocialMediaRefugee@lemmy.world
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    7 months ago

    Cutting taxes right now is like saying “We can’t pay our bills. I’m quitting my job.” How about raising taxes on the top 1% and capital gains on them too. Instead he shoves tariffs on us, essentially a federal sales tax.

  • Dragomus@lemmy.world
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    7 months ago

    “The tax cuts alone would pile on the nation’s $36 trillion debt”
    …So we will destroy beneficial programs and do the tax cuts anyway.

    It reads as:
    “I stabbed myself in the stomach with a huge knife, but I realize that was not quite a good thing to do so I will shoot off my own knees to make it hurt somewhere else”.

    • Atom@lemmy.world
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      7 months ago

      Same as every funding bill for the last 8+ years. Far right sides with the Democrats, for opposing reasons. Then we either get a far right bill with freedom caucus support, or we get the bill pulled up the left for moderate democrat support.

    • grrgyle@slrpnk.net
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      7 months ago

      They’re afraid frog is starting to notice the water’s getting hotter, so they need to move faster

  • Clbull@lemmy.world
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    7 months ago

    This raises the question: why would you want to invest in US companies? Republicans are presiding over a $36 trillion mountain of debt and now want to run further deficits to raise that mountain, after imposing tariffs on everybody in the weeks prior.

    It feels like it’s only a matter of time until the USA’s debt bubble bursts and takes out a good chunk of the global economy with it.

    BRICS are getting exactly what they wanted with Trump. This is how you destabilize the dollar and make the Chinese yuan the world’s reserve currency.

  • Gointhefridge@lemm.ee
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    7 months ago

    I never understand the constant pressure to the middle class and “poor.” Like how do you expect ANYTHING to get done if people have nothing?

    I always go back to thinking about corporations and anyone who produces a “product” and think what consumer will spend the money they don’t have so some company and their board can have more money? If consumers have no money to spend, how will the rich continue to extract it from them? You can’t draw blood from a stone. They don’t even have to care about people, but if there’s literally nothing to take from them, then where is all the “wealth” coming from?

    • GoofSchmoofer@lemmy.world
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      7 months ago

      When the government just takes the tax money and gives it to the wealthy there really is no reason to have to go through the act of building a business and hoping people buy your product or service.

    • Xaphanos@lemmy.world
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      7 months ago

      how do you expect ANYTHING to get done if people have nothing?

      Slavery. Or feadalistic serfdom.

    • joostjakob@lemmy.world
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      7 months ago

      I think this is exactly where the deepest crises of capitalism come from. What you describe is a natural consequence of unregulated capitalism. Either you start regulating (breaking up monopolies or nationalising them, high tax brackets on the very rich, etc.) before you hit a depression, or you risk a revolution by only enacting them after the shit has hit the fan. Then you can have a generation, maybe two, who reap the benefits of enforced redistribution. And then folks get complacent and start deregulation again.

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      7 months ago

      I think you’re just thinking too far ahead, they look at the quarterly bottom line and how to make it grow for the next quarter, no matter what.

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      7 months ago

      As long as a non zero portion of that middle class are happy in their place because they have an under class to punch down on shit isn’t going to change. We have people blaming immigrants for their problems, one of the least powerful segments of our society. How absolutely brain dead do you have to be to think the folks that can’t vote or hold office are the ones pulling the strings in our semi representative democracy?

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      7 months ago

      I wonder if the overall thinking is that people need to feel progress to feel good about their lot in life but they can’t constantly deliver that, so they need the political “heels” to come by make things feel worse and then cede to people to make it “better” to make people feel like progress is made

      Kind of like how the net result is increased tariffs but because they were temporarily more severe, the general reaction is “the tariffs are gone, what a relief”

      Rolling that boulder up the hill requires it roll back downhill so people can cheer it being rolled up the hill again.

    • okmko@lemmy.world
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      7 months ago

      Wut. Ofc they know it. They also know that their voters would never vote D either, no matter how bad things get for them.

      The R senator of Kentucky has held a <20% approval rating but also his seat for decades. 9 out of 10 people in the state hate him with a passion and yet those same people vote for him again, and again, and again. It’s absurd, lool.

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    7 months ago

    Whenever there’s something that might actually do some good, they’re like “we just don’t have time, maybe in six months” but they’ll work over the weekend to fuck people over

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    7 months ago

    “Something needs to change or you’re not going to get my support,” said Rep. Chip Roy, R-Texas

    In b4 Chip Roy is demonized as an “activist rep” who is “subverting democracy”.

  • Freshparsnip@lemm.ee
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    7 months ago

    WHO IN THE NAME OF UNCLE SAM PUT A FUCKING BUFFOON IN CHARGE OF A COUNTRY? I DEMAND HE BE THROWN OUT OF OFFICE! WHO CAN I CALL ABOUT THIS?

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    7 months ago

    It’s truly amazing that every time I read a headline that makes it sound like these people are doing something even remotely beneficial, additional context shows that they’re actually preparing for something even worse.

    • NotMyOldRedditName@lemmy.world
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      7 months ago

      I read one a week ago or so that started with Matt Gaetz (I think, if not him someone like him) going to El Salvador to see their prisons, and I thought it was going to end with some line about him being appalled by the conditions. Turns out the visit was many months ago and after seeing it, it was his idea to deport people there.

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    7 months ago

    Right because if there’s one thing the rich need it’s more money. I hate fucking capitalism, I hate our government, and at this point I’m just tired of being alive.