July 2 ,2025

 

(TRUMP’S ‘BIG, BEAUTIFUL BILL’ – WHO REALLY BENEFITS?)

 

July 2, 2025

 

Hello everyone

 

Trump’s bill was passed in the Senate – just.

Now, for the House.

So, who really benefits the most?

It is expected that the Bill will reduce income by 2.9% (about $700) per year for the bottom 20% of households, according to Yale analysis.  These households have an income of less than $13,350.

In contrast, those earning incomes in the top 20% will receive an income boost of 2.2% ($5,700).  In other words, if you have income of more than roughly $120,000, you will benefit from the Bill.

Analysis shows these financial impacts are what the average household would experience each year from 2026 through 2034.

Harris Eppsteiner, associate director of economic analysis at the Yale Budget Lab, says the bill shifts resources away from those at the lower end of the [income] distribution toward those at the top.

The Bill is expected to sharply cut Medicaid and the Supplemental Nutrition Assistance Program, or SNAP, formerly known as food stamps, while a series of tax cuts in the legislation will deliver a bigger financial benefit for wealthier households.

The CBO estimates the bill will add $3.3 trillion to the national debt over the next decade, before interest, in aggregate.  With interest, the tally would be about $4 trillion through 2034, according to the Committee for a Responsible Federal Budget.

So, the poor are punished, the debt increases, and the rich get richer. 

When 2035 rolls around, America may regret this tax and spending bill.

 

THE TRUMP – MUSK FEUD LIVES ON

 

 

Trump is now threatening to deport Musk and take away all subsidies.

Tesla stock fell early Tuesday after the spat between Trump and Musk took on a whole new energy.  President Trump suggested in a late-night social media post that the U.S. Department of Government Efficiency should look at subsidies given to Musk’s companies.  This outburst by Trump was in reaction to Musk’s criticism of the president’s tax and spending bill.

Analysts do not have high expectations for Tesla’s quarterly delivery numbers due to be delivered today – Wednesday.

Analysts currently expect Tesla will report 387,000 vehicle deliveries in the quarter, according to FactSet.

Basically, analysts are seeing that Tesla has fallen into a deep EV winter and is facing strong competition from Chinese markets.  On top of that, Musk’s political ambitions have affected the brand as consumers bypass Tesla showrooms.

We wait with anticipation for the next few acts in the Trump-Musk drama.

 

 

Cheers

Jacquie