The hard-right lawmakers are insisting on steeper spending cuts to Medicaid and the Biden-era green energy tax breaks, among other changes, before they will give their support to President Donald Trump’s “beautiful” bill. They warn the tax cuts alone would pile onto the nation’s $36 trillion debt.
The failed vote, 16-21, stalls, for now, House Speaker Mike Johnson’s push to have the package approved next week. But the Budget Committee plans to reconvene Sunday to try again. Lawmakers vowed to negotiate into the weekend as Trump is returning to Washington from the Middle East.
“Something needs to change or you’re not going to get my support,” said Rep. Chip Roy, R-Texas.
I never understand the constant pressure to the middle class and “poor.” Like how do you expect ANYTHING to get done if people have nothing?
I always go back to thinking about corporations and anyone who produces a “product” and think what consumer will spend the money they don’t have so some company and their board can have more money? If consumers have no money to spend, how will the rich continue to extract it from them? You can’t draw blood from a stone. They don’t even have to care about people, but if there’s literally nothing to take from them, then where is all the “wealth” coming from?
I think this is exactly where the deepest crises of capitalism come from. What you describe is a natural consequence of unregulated capitalism. Either you start regulating (breaking up monopolies or nationalising them, high tax brackets on the very rich, etc.) before you hit a depression, or you risk a revolution by only enacting them after the shit has hit the fan. Then you can have a generation, maybe two, who reap the benefits of enforced redistribution. And then folks get complacent and start deregulation again.
I think you’re just thinking too far ahead, they look at the quarterly bottom line and how to make it grow for the next quarter, no matter what.
Slavery. Or feadalistic serfdom.
Ideology does that.