July 1 – Yesterday, the Senate passed a budget bill that will create a weaker and more unequal U.S. economy. It is even more radical than the House version, with deeper Medicaid cuts that will destroy rural hospitals and strain state budgets, while adding nearly $4 trillion to the federal deficit. The House should reject this legislation and start from scratch. The stakes couldn’t be higher—the bill being rushed to passage will do grave damage to the economy and the well-being of U.S. families for years to come.
The bill is designed to cause a shocking upward redistribution of income. It includes draconian spending cuts—mostly to health care and food assistance for children and families—in order to give massive tax cuts to the wealthiest households.
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