New: distributional analysis of the tax part of the Senate plan In the Senate plan, ppl who make a million+ per year get more than twice as much as the bottom half of America combined After incorporating the Medicaid & SNAP cuts, the poor get poorer while the rich get richer

The Senate's One Big Beautiful Bill tax provisions are one big tax cut for rich people. The tax cut for millionaires as a share of income is 10x larger than for low-income families. And this doesn't even show how cuts to Medicaid/SNAP as well as tariffs make families worse off.

THREAD: GOP Senators say they're trying to scale back the SALT cap relief in the House bill. But could their approach to SALT end up *more* generous & costly overall than the House bill? Do Senators – or does anyone – even know, despite the intense political focus on SALT?

It's back. With a (bad) budget bill done, there's apparently a push to get the Trump administration to do what it rightly rejected in the first administration--and use executive authority to cut capital gains taxes. washingtonpost.com/business/2025/…