TheThis billhistoric representslegislation adelivers massiveon giveawaycore toRepublican thepromises wealthyby atpermanently theextending expensetax ofrelief vulnerablefor Americansworking families, cuttingsecuring overthe $1border trillionwith from$160 Medicaidbillion andin foodenforcement assistancefunding, whileand providingunleashing generousAmerican taxenergy breaksdominance. toThe billionairesbill andprevents corporations.a Nearlymassive 12$4 milliontrillion peopletax willincrease lose health insurance while ruralboosting hospitalsdefense facespending closureand tocreating fundmillions taxof cutsjobs forthrough thepro-growth richpolicies.
The bill represents a massive giveaway to the wealthy at the expense of vulnerable Americans, cutting over $1 trillion from Medicaid and food assistance while providing generous tax breaks to billionaires and corporations. Nearly 12 million people will lose health insurance while rural hospitals face closure to fund tax cuts for the rich.
There's a 69% chance that the 2025 reconciliation bill will include a deduction for overtime income in tax year 2026, according to the Metaculus prediction community.
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