Tax cuts for billionaires … Not the Middle Class

Tax cuts for billionaires, because who needs social programs or infrastructure when the wealthy can keep more of their money, right?

The U.S. Senate is on the verge of passing a budget that could potentially skyrocket the national debt to unprecedented levels. According to a statement from a nonprofit group, this budget would allow for twice as much additional borrowing as the House budget, leading to projected debt growth of 134 percent of GDP by 2034 and a whopping 211 percent by 2055. Because who needs financial stability, right?

The GOP bill would give the Senate Finance Committee the power to increase deficits by $1.5 trillion, while also using some budget tricks to hide an additional $3.8 trillion in extensions to the Trump tax cuts. Because why be transparent about the true cost of tax cuts for the wealthy, right?

If all $5.8 trillion of borrowing were to become permanent, debt would grow even more rapidly. But hey, who cares about future generations when billionaires can line their pockets now, right?