And research shows us that cutting taxes on business profits (the biggest parts of OBBBA) does not trickle down

Fiscally, this is how I think of the OBBBA:
Big cuts for the poor paid for big tax cuts for the rich, which outnumber the tax cuts for everyone else

👀findings include that OBBBA:
-Cuts taxes on overseas business profits by as much ($167B) as all the "middle class tax cuts" ($167B)
-Cuts corp/business taxes by as much as the 2017 TCJA!! All without touching the corp rate like last time

www.americanprogress.org/article/7-wa...

It's probably the worst provision in the tax code

After most Rs spent all year arguing that--letting a less-targeted tax expenditure expire was an intolerable tax increase--it is crazy to be *increasing taxes by more* on the neediest small businesses.

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

Speaker Johnson, incredibly, said that continuing the premium tax credits would be “subsidizing high-income earners.”

I have the receipts and its his 199A deduction that subsidizes high-earners. Premium tax credits do not.

Letting another temporary tax provision expire, 199A, meant “small business owners would face massive tax hikes” per (R) @senatefinance.bsky.social

Now millions of small businesses are facing a larger tax hike and they do nothing
www.finance.senate.gov/chairmans-ne...

Premium Tax Credits are especially important to small businesspeople. Per Treasury they’re 28% of marketplaces.

Most Americans have employer-sponsored insurance, but self-employed are their own employer. PTCs are how we give them the tax financial support we give everyone else

We already have a system where the results of most elections are predetermined because the Supreme Court allows partisan gerrymandering. Eliminating the VRA’s representation requirements allows the full slate of members from each state to be predetermined by a single party.

We do 2027 and 2029 because many parts of the OBBBA are temporary or phase in slowly. This gives a view of the law's effects before and after their temporary tax cuts for tips/overtime etc expire, and as Medicaid cuts grow.

In 2029 everyone is in the negative

This measures changes enacted, so: how will Americans' pocketbooks change Jan 2025-2027?

Includes only *new* parts of the Big Beautiful Bill, plus tariffs. (With healthcare subsidy expiration, Middle Class would be ~$300 lower)

www.americanprogress.org/article/new-...