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robert reich
Critics Decry Trump-GOP Tax Bill as 'Trickle-Down Economics on Steroids'
"I'll tell you what's coming: handouts for billionaires, healthcare cuts for the people," warned one Democratic lawmaker.
May 12, 2025
House Democrats and civil society groups led condemnation of legislation introduced Monday by congressional Republicans and backed by President Donald Trump that one lawmaker said is "about tax breaks for billionaires and kickbacks to corporate donors" at the expense of working class families.
The 389-page bill includes trillions of dollars in tax cuts that would disproportionately benefit the ultra-wealthy and corporations, largely by extending Trump's first-term reductions in taxation mainly for top earners derided as the "GOP tax scam." The proposal also broadens the estate tax exemption for the superrich and makes permanent a massive tax break on offshore corporate profits, a top wish-list item for Big Business.
The proposal would reduce government revenue by trillions of dollars and swell the national debt—currently a staggering $36.2 trillion, or the equivalent of 127% of U.S. gross domestic product—and cost over $5 trillion.
The bill partially offsets the revenue loss by sharply slashing social spending, including on the Supplemental Nutrition Assistance Program (SNAP) and Medicaid. The legislation would impose work and cost-sharing requirements on many Medicaid beneficiaries and increase eligibility checks. Critics warn that millions of people would lose their health insurance coverage if the bill is passed in its current form.
Former Democratic U.S. Labor Secretary Robert Reich called the proposed legislation "trickle-down economics on steroids."
The Trump-GOP tax bill proposal: -Extend 2017 cuts for top earners -Increase the "pass-through" loophole for big businesses -Expand the estate tax exemption for the ultra-rich -Make a huge tax break for offshore corporate profits permanent Trickle down economics on steroids.
— Robert Reich (@rbreich.bsky.social) May 12, 2025 at 11:32 AM
On the positive side, the popular Child Tax Credit would grow for many households under the proposal. So would the standard deduction. There would also be temporary tax breaks for overtime pay, car-loan interest, and tips. The proposal also establishes a new tax-preferred savings account for children younger than 8 years old under which the government would contribute the first $1,000 for kids born between 2025-28.
However, critics noted that millions of families would receive no benefit from the Child Tax Credit increase, wealthy business partnerships would get an even bigger passthrough deduction than in an earlier draft of the bill, and taxes on many tips and overtime work remain.
"This bill isn't about balancing the budget—it's about tax breaks for billionaires and kickbacks to corporate donors and billionaires, while silencing public voices," said Rep. Melanie Stansbury (D-N.M.). "We see the grift and we're calling it out."
Rep. Brendan Boyle (D-Pa.), the ranking member of the House Budget Committee, noted that "Trump loves to call his budget the 'big, beautiful bill.'"
"It is—for billionaires," he added. "While Trump's billionaire donors get trillions in tax cuts, working Americans get the largest Medicaid cuts in American history."
House Ways and Means Committee Ranking Member Rep. Richard Neal (D-Mass.) warned, "I'll tell you what's coming: handouts for billionaires, healthcare cuts for the people."
The GOP agenda: rip health care away from millions of Americans to pay for massive tax breaks for the ultra-rich. This is the moment to fight back with everything we’ve got.
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— Elizabeth Warren (@elizabeth-warren.bsky.social) May 12, 2025 at 1:50 PM
Civil society groups also sounded the alarm over the bill.
"Families across the country are struggling now more than ever to get food on the table, visit the doctor, and afford lifesaving medication," ParentsTogether Action executive director Ailen Arreaza said Monday. "But instead of finding ways to offer some relief, Republicans in Congress are racing to pass a bill to hand massive new tax breaks to the ultra-wealthy."
"Even worse? Their plan is to pay for it by ripping healthcare and nutrition aid away from millions," Arreaza added. "One thing is clear: Gutting Medicaid and SNAP to fund tax breaks for the rich is cruelty disguised as policy—and parents across the country will take note of how their representatives vote this week as evidence of who they're fighting for, their constituents or their wealthy donors."
David Kass, executive director of Americans for Tax Fairness, said in a statement that "the House GOP has revealed in broad daylight that their tax bill is a clear scam—one that hands out massive giveaways to their billionaire and corporate donors off the backs of their constituents with a price tag of over $5 trillion."
"The plan's massive cuts to vital programs like Medicaid and SNAP will drive up healthcare and food prices for millions of workers and families, while billionaires pocket the money and the national debt soars," Kass added. "Working and middle-class families—and future generations—shouldn't have to pay higher prices simply to enrich billionaire elites and the politicians in their pocket."
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Experts Warn Fed Remarks Show Trump Policies Brewing 'Perfect Storm for a Recession'
"Donald Trump's tariffs mean you could suffer higher prices and lose your job AT THE SAME TIME," said Sen. Elizabeth Warren.
May 07, 2025
Alex Jacquez from the progressive think tank Groundwork Collaborative issued a stark warning to the U.S. public on Wednesday in response to a statement from the Federal Reserve committee that sets interest rates.
The new statement from the Federal Open Market Committee (FOMC) "provides further evidence that a perfect storm for a recession is brewing" under U.S. President Donald Trump, said Jacquez, Groundwork's chief of policy and advocacy. "Barely 100 days into Trump's second term, working families are already being crushed by sticky inflation and slowing growth."
"A Trump-engineered recession will devastate working families, but the president refuses to stand down on his failed trade war, no matter the cost," added Jacquez, who previously advised former President Barack Obama and Sen. Bernie Sanders (I-Vt.).
The FOMC said Wednesday that "the risks of higher unemployment and higher inflation have risen," and opted to keep the federal funds rate at 4.25-4.5%. The committee has maintained the rate for the past three meetings, following a series of cuts last year.
Trump on Sunday pushed for a rate cut, and though he has backed off a threat to try to oust Fed Chair Jerome Powell, the president "could reconsider if the economy stumbles in the coming months," The Associated Pressreported Wednesday.
According to the AP:
Asked at the press conference whether Trump's calls for lower rates [have] any influence on the Fed, Powell said, "[It] doesn’t affect doing our job at all. We're always going to consider only the economic data, the outlook, the balance of risks, and that's it."
If the Fed were to cut rates, it could lower other borrowing costs, such as for mortgages, auto loans, and credit cards, though that is not guaranteed.
Addressing Trump's evolving tariff policy, Powell said Wednesday that "if the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and a rise in unemployment."
Sharing a video of his remarks on social media, Sen. Elizabeth Warren (D-Mass.) stressed that Trump's tariffs mean higher prices.
Donald Trump's tariffs mean you could suffer higher prices and lose your job AT THE SAME TIME. Forget dolls, families will be forced to make impossible choices between necessities like food, housing, and health care.
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— Elizabeth Warren ( @warren.senate.gov) May 7, 2025 at 3:13 PM
In a Wednesday blog post, former Labor Secretary Robert Reich wrote: "Recall that last November, the single biggest reason voters gave in exit polls for choosing Trump was that he'd bring prices down... Although Trump has scaled back some tariffs and paused others as he seeks trade deals with foreign nations, his tariffs are already eating into household budgets."
Reich highlighted comments about price hikes from companies whose products include everything from baby supplies and laundry detergent to paper towels and tools. He also emphasized that "tariffs will particularly hurt small businesses."
"This bodes ill for American workers, since 80% of U.S. employment comes from small businesses with fewer than 500 workers. The likely result: higher unemployment," he explained, projecting price hikes and job losses this month. "But here's the question: Will consumers and workers realize Trump is the cause? And if they do, will they remember this by the November 2026 midterm elections?"
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In First 100 Days, Trump Waged 'Relentless Assault on Working People'
"We are either patriots fighting the regime, or we are complicit in its tyranny," wrote former U.S. Labor Secretary Robert Reich. "There is no middle ground."
Apr 29, 2025
Tuesday is the 100th day of U.S. President Donald Trump's second term, which so far has featured plummeting public opinion poll numbers and mobilizations against his billionaire inner circle's mounting attacks on working people.
"Since Franklin D. Roosevelt's earthshaking first 100 days in office, no president has matched the sheer drama and disruption of that 15-week sprint in 1933, which rewrote the relationship between Americans and their government. At least until now," Naftali Bendavid wrote Monday for The Washington Post.
"Roosevelt's onslaught, in the depths of the Great Depression, was aimed at expanding the federal government's presence in Americans' lives. Trump's crusade is aimed largely at dismantling it," Bendavid added, noting that while FDR's agenda was enacted by Congress, the current president "has governed largely by unilateral executive action."
Ahead of nationwide protests planned for later this week, many Trump critics marked the 100-day milestone by chronicling how the president's policies are making life harder for the working class, from cutting federal employees and funding to pursuing mass deportations and economically devastating tariffs.
"The cruelty is unnerving, the disregard for the Constitution and rule of law is reckless, and the day-to-day pain can never be justified."
"It is a fallacy to argue that we must choose between fighting for a fair economy and protecting our democracy," the watchdog Accountable.US said in a Monday memo. "Trump's first 100 days, which will be marked this week, clearly show that the two are interconnected, and he's failed Americans on both."
"What we have seen over the past 100 days is a president who has flouted the law, gutted checks and balances, and consolidated power for himself," the memo continues. "He has also, with the help of Elon Musk and allies in Congress, done catastrophic damage to our economy, injecting chaos and uncertainty for small businesses and investors, undermining workers' rights, tanking consumer confidence, and increasing the likelihood of a recession."
The Conference Board said Tuesday that its Consumer Confidence Index dropped 7.9 points this month to 86—meaning "consumer confidence declined for a fifth consecutive month in April, falling to levels not seen since the onset of the Covid pandemic," according to Stephanie Guichard, a senior economist at the think tank.
Calling those numbers "sobering" and a "signal that we are plunging headfirst into a recession," Groundwork Collaborative executive director Lindsay Owens said that "if this is the level of pain the president is willing to inflict on Americans in just a few short months, it's no wonder that consumers and businesses are bracing themselves for a long, dark road ahead."
"This is a man-made crisis," Owens declared. "In his first 100 days, Trump did all he could to engineer a recession."
Donald Trump promised to end inflation and lower costs on his first day in office. Instead, Americans are paying a higher price on groceries, cars, utilities, and housing — with the looming fear of a recession. He's crashing our economy and leaving you with the bill.
— Governor JB Pritzker (@govpritzker.illinois.gov) April 29, 2025 at 2:31 PM
The Economic Policy Institute (EPI) last week compiled a list of "100 ways Trump has hurt workers in his first 100 days," which includes terminating grants to fight forced and child labor, nominating Crystal Casey to be general counsel at the National Labor Relations Board, and leaving the Federal Mediation and Conciliation Service with what one employee recently toldCommon Dreams is "a very skeletal crew."
In addition to detailing Trump administration actions to degrade wages and working conditions, the think tank's report lays out Trump's attacks on anti-discrimination protections, immigrant workers, public education, and more.
"During the campaign, Trump promised to put working people first, lower rising costs on groceries and gas, and preserve our earned benefits and healthcare," American Federation of State, County, and Municipal Employees (AFSCME) president Lee Saunders noted Monday. "Instead, the first 100 days of this billionaire-run administration have been fueled by lies, broken promises, and a relentless assault on working people and unions."
"He has handed over the reins of government to billionaires—appointing the wealthiest Cabinet in American history, kicking off a trade war that is raising prices on everyday goods, attacking Social Security and Medicaid, cutting wages for workers, and stripping collective bargaining rights from more than 1 million federal employees," the union leader said. "The White House claimed it had nothing to do with Project 2025, yet it has already implemented over one-third of the anti-worker agenda, often sidestepping Congress and the courts to do so."
Saunders stressed that "the fallout has been immediate. Retirees are left wondering how to navigate Social Security as staff are laid off, offices are closed, and services are cut. People are watching their retirement savings shrink. Lifesaving health and safety regulations have been put on hold. Students with disabilities are losing vital support from the Department of Education. The Department of Health and Human Services is clawing back funding from states, cities, and towns to fight infectious diseases as measles is on the rise, and it's just the beginning."
AFSCME and the American Federation of Teachers are challenging some of Trump's moves in court. AFT president Randi Weingarten on Tuesday condemned a similar list of Trump actions, including cuts to "research grants to colleges and universities that fund cancer, diabetes, and Alzheimer's research," and said that "it's no wonder his public approval is tanking."
"The cruelty is unnerving, the disregard for the Constitution and rule of law is reckless, and the day-to-day pain can never be justified," Weingarten added. "That's why our members are fighting back."
Some of the actions highlighted by union leaders are also included in First Focus on Children's Monday timeline for what the advocacy group called the Trump administration's "systematic war on the nation's children."
"I'm not sure we've ever seen an administration so laser-focused on targeting the nation's children for harm," said the group's president, Bruce Lesley. He called out Trump, his appointees, and the GOP-controlled Congress for planning to cut children's healthcare by $880 billion, shutter the Education Department, and "steal the lunch money of the nation's poorest kids."
"Babies have been singled out for special punishment with the proposed revocation of birthright citizenship and deportation of U.S. citizen children. This administration is also promoting tax policies that penalize families for having newborns," Lesley continued, also pointing to the "decimation" of the United States Agency for International Development. "The president has left children overseas to die of AIDS, malaria, and starvation by the millions."
“'100 Days of Destruction': Top Historian on Trump's Presidency So Far” Writing for Zeteo, Princeton's @zelizer.bsky.social explains how past US presidents used their first 100 days to build, while Trump has used his to dismantle, intimidate, and destroy. Read/share/subscribe:
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— Mehdi Hasan (@mehdirhasan.bsky.social) April 29, 2025 at 7:53 AM
Trying to end birthright citizenship is one of several ways Trump is attacking immigrants. The advocacy group America's Voice this week published a fact sheet titled, High Costs, No Benefits: 100 Days Of Trump's Immigration Agenda.
"Let this sink in: Our government is deporting American kids, including kids with cancer, and is now trying to defend and excuse their choices on national television," said the organization's executive director, Vanessa Cárdenas. "Their actions embody the cruelty, chaotic, and harmful nature of their agenda the past 100 days, and what they want from the next 100 weeks and beyond."
"As Americans see the cruelty and overreach in action," Cárdenas noted, "a growing majority is expressing disapproval, connecting it to broader concerns regarding the rule of law, the tanking economy, cuts to Americans' healthcare, and overall chaos and extremism."
The Trump administration's anti-immigrant agenda is featured in several of the items on a new Human Rights Watch (HRW) list of actions "that pose significant risks to the human rights of people living in the United States and around the world."
Tanya Greene, U.S. program director at HRW, said that the administration has already "inflicted enormous damage to human rights" and "we are deeply concerned that these attacks on fundamental freedoms will continue unabated."
Item 51 on HRW's list warns that "people in the United States risk seeing their democratic power weakened by a politically motivated effort to skew long-standing U.S. Census Bureau policies and methods aimed at ensuring accurate population counts that determine how presidents, members of Congress, and others are elected and how federal funding is allocated to states and localities."
All Voting Is Local executive director Hannah Fried said in a Tuesday statement that "these first 100 days have been a five-alarm fire for the freedom to vote," citing Trump's executive order on elections, the Safeguard American Voter Eligibility (SAVE) Act, "and copycat bills in Ohio and Michigan that would require voters to show a passport or birth certificate to vote."
"The voting rights assaults during this time specifically hurt Black, Brown, Native American, and other historically marginalized communities," she emphasized. "They also set a tone for further efforts to erode voting rights and consolidate power at all levels of government in the lead-up to next year's midterm elections."
A growing number of public figures and watchdogs are sounding the alarm about the consolidation of power under Trump. Sen. Bernie Sanders (I-Vt.) has been crisscrossing the country for his Fighting Oligarchy Tour, and the advocacy group Public Citizen this week put out a list of highlights from the president's first "100 days of oligarchy and conflicts of interest."
Public Citizen's resource outlines how Trump "is handing people with clear corporate conflicts of interest—like stakes in Big Oil companies, long corporate lobbying careers, and seats on major company boards—the power to regulate and oversee corporations," dismantling the Consumer Financial Protection Bureau, and ridding the government of inspectors general, among other actions that enrich him and his allies at the expense of the public.
"People aren't fooled. They see what's going on. It's why millions took the streets on April 5th to protest Trump and Musk's attacks on working families."
The organization Issue One also has a new report—Unchecked Exec—about how "Trump's first 100 days have been focused on consolidating power and sidestepping anti-corruption safeguards."
"The Founders were deeply concerned about concentrating too much power in the presidency," said Issue One CEO Nick Penniman. "The Founders fought a revolution to get rid of concentrated executive authority, and they placed 'We, the People'—and Congress—at the center of the Constitution."
"A hundred days into this administration, it's clear the White House is intent on pushing the limits of its power to the point where it risks violating the Constitution and eroding the freedoms of every American," Penniman added. "This is a time for total vigilance, before the America we were living in 101 days ago begins to disappear."
The public is already fighting back in the form of protest. Maurice Mitchell, national director of the Working Families Party, said Tuesday that "calling Trump's first 100 days a dumpster fire would be an insult to dumpster fires."
"In less than four months, Trump has destroyed jobs, brought the economy to the brink of ruin, and done absolutely nothing to lower costs," he continued. "People aren't fooled. They see what's going on. It's why millions took the streets on April 5th to protest Trump and Musk's attacks on working families. It's why more and more people are joining community organizations or stepping up to run for office."
"Trump and his billionaire friends want us to fight against each other, so they can take an even larger share of the pie," he added. "But we're not playing their game. Instead, we're going to bring working people together, from every background and geography, to stop Trump and his MAGA cronies in their tracks."
A national day of action is planned for Thursday, recognized globally as May Day. There are more than 1,100 rallies scheduled—including one at Philadelphia City Hall, where Sanders is set to join the city's AFL-CIO chapter under the banner, "For the Workers, Not the Billionaires."
While Sanders and those who have joined him on tour, such as Rep. Alexandria Ocasio-Cortez (D-N.Y.), have been praised for their response to the second Trump administration, constituents across the United States are calling on many members of Congress to do more.
Although Republicans control both chambers of Congress, recent polling shows rising support for impeaching Trump a historic third time, and Congressman Shri Thanedar (D-Mich.) on Monday filed seven articles of impeachment against the president. Thursday will feature some actions focused on pressuring lawmakers to pursue impeachment.
Given Congress' current makeup, Christina Harvey, executive director of the progressive advocacy group Stand Up America, is specifically calling on Republican lawmakers who "aided and abetted" Trump to instead fight back against his "relentless assault on our democracy, our freedoms, and the basic services hardworking Americans depend on to survive."
"What more will it take for Republicans in Congress to find the courage to stand up for their constituents?" she asked Tuesday. "The president is not a king, and Congress is meant to be a co-equal branch of government. We can't afford to wait another 100 days for them to finally remember that."
Over the first 100 days, we @sddfund.bsky.social have taken 100 actions challenging the Trump admin’s lawlessness—incl. repping conservatives opposing his foreign abductions We’ll keep fighting in the courts of law & public opinion. I discussed @msnbc.com
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— Norm Eisen (@normeisen.bsky.social) April 29, 2025 at 11:57 AM
Opponents of the president's agenda are also fighting in the courts. In a 100-day roundup, the ACLU said that "Trump has tested every limit, abused every power, and exploited every loophole to silence dissent, disenfranchise marginalized communities, and erode our rule of law."
"These are deliberate tactics designed to enforce compliance through fear, force, and censorship. But we aren't backing down. If the Trump administration wants to go after people's rights and freedoms, they'll have to go through us first. And we were ready for this fight," declared the group, which so far has filed 107 legal actions.
In a Monday blog post, former U.S. Labor Secretary Robert Reich argued that everyone must fight to save a nation that "is tottering on the edge of dictatorship."
"We are no longer Democrats or Republicans. We are either patriots fighting the regime, or we are complicit in its tyranny. There is no middle ground," Reich wrote. "Soon, I fear, the regime will openly defy the Supreme Court."
"Americans must be mobilized into such a huge wave of anger and disgust that members of the House are compelled to impeach Trump (for the third time) and enough senators are moved to finally convict him," he added. "Then this shameful chapter of American history will end."
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