Taxes
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The Economist· 2025-07-06 05:00
William Ruto was elected by a thin margin in 2022 promising to champion Kenya’s poor and take on its traditional elite. Instead the wealthy businessman moved to raise taxes https://t.co/f7zOqKl4WT ...
GOP Trump critic Rep. Don Bacon on listening to both sides and why he voted for Trump’s megabill
MSNBC· 2025-07-05 20:30
in Congress. A retired brigadier general in the Air Force, Bacon was first elected to the House in 2016, the same cycle as Donald Trump's first presidential election. In the decades since, Bacon's become known as one of the few Republicans who's been unafraid to speak his mind based on his principles, his beliefs, and what he thinks is best for his constituents, even if that doesn't sit well with his party.Announcing his retirement, Bacon told the New York Times, quote, "I'd like to fight for the soul of ou ...
The Last Word With Lawrence O’Donnell - July 3 | Audio Only
MSNBC· 2025-07-04 04:15
Healthcare & Policy - The Republican bill is projected to cause 17 million Americans to lose healthcare coverage [2][9][37] - The bill is expected to devastate nursing homes and cut nutrition assistance for poor children [2] - The legislation could lead to the closure of rural hospitals, affecting healthcare access for entire communities [2][23][24] - Medicaid covers 40% of births, especially in rural areas, and cuts will worsen existing mortality penalties in rural America [41] - The Affordable Care Act (ACA) is 15 years old, and Medicaid is 60 years old this year [34][35] Political Dynamics - House Republicans voted 218 to 214 to approve the budget bill, despite initial criticism from the Freedom Caucus [9] - Concerns were raised by Republicans about the bill's impact on the deficit and its failure to adhere to budget deal terms [5][7] - The bill includes the largest Medicaid cuts in history [19] - Democratic Leader Hakeem Jeffries spoke for 8 hours and 45 minutes, setting a record for the longest House speech, to oppose the bill [16] - The bill is characterized as the largest upward transfer of wealth in American history [52] - Congressman Ro Khanna stated that crossing Donald Trump leads to political repercussions, influencing the bill's passage [55] - The bill is considered a massive giveaway to special interests [46] - A $4 trillion tax cut is included, which is seen as disproportionately benefiting billionaires [58][60][61] International Relations - Donald Trump had a phone call with Vladimir Putin, discussing Iran and the war in Ukraine, with no progress reported [69][70] - Putin's adviser stated that Trump and Putin are on the same page and that Russia does not want US involvement in peace talks with Ukraine [72][73] - The Trump administration is accused of withholding aid to Ukraine and easing sanctions against Russia [77] - Russia has massed 50,000 troops near the Ukrainian border city of Sumi [76]
Lawrence: House Republican says we're not 'little b----es.’ Dem calls out GOP's Trump bill mistake.
MSNBC· 2025-07-03 04:42
Legislative Process & Political Maneuvering - A procedural error by Republicans regarding "considering the previous question" paralyzed the House of Representatives for 11 hours [5][7][8] - Democrats strategically used the procedural error to propose amendments protecting Medicaid and SNAP, which were blocked by Republicans [12][13] - The report alleges President Trump used personal appeals to influence Republican lawmakers to support the bill [24][25] Healthcare & Social Programs Impact - The bill is projected to cause 17 million Americans to lose healthcare coverage [17][21] - 42 million people could lose nutritional assistance [22] - In one North Carolina district, 142,000 constituents could lose some or all of their SNAP benefits, and five rural hospitals are at risk of closure [14] Taxation & Economic Impact - The bill is criticized for increasing the national debt by $4 trillion [22] - The report highlights a tax cut for incomes over $10 million, maintaining a 37% rate instead of restoring it to 396% [30][31] - The report claims the bill benefits billionaires at the expense of the middle class and those relying on social safety nets [19][29]
