Six Nobel laureate economists said a massive budget bill passed by House lawmakers last month and backed by Trump would weaken key safety-net programs while greatly lifting the federal debt.

The tax and spending package, which Republicans have dubbed the “one big beautiful bill,” would hurt millions of Americans by slashing Medicaid and food stamps, the economists wrote in a June 2 letter on behalf of the Economic Policy Institute, a left-leaning think tank.

“Even with the safety net cuts, the House bill leads to public debt rising by over $3 trillion in coming years (and over $5 trillion over the next decade if provisions are made permanent rather than phasing out),” the economists state. “The higher debt and deficits will put noticeable upward pressure on both inflation and interest rates in coming years.”

  • AngryCommieKender@lemmy.world
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    3 days ago

    There’s a provision in that bill that allows Trump to be a dictator/king for life.

    https://50501.chat/post/280122

    Download the app “5 calls”. It is ad free, and free. It will give you the phone number of your representatives and senators, as well as a script if you need it, for every issue that is currently up for vote.

    • Ferrous@lemmy.ml
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      3 days ago

      And after you leave a voicemail, the rep will task an intern with spending 15 minutes clearing out all messages.

      • SoftestSapphic@lemmy.world
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        3 days ago

        And let’s be realistic, all the democrats besides like 6 will deny the bill.

        The most effective tactic would be gathering outside the homes of your local republican senators.

    • crusa187@lemmy.ml
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      3 days ago

      Immediately contacted my reps demanding this be removed as soon as I heard about it.

      This is one of those truly nefarious things they aim to slip in amongst all the chaos, and would absolutely be a death blow to US democracy if it goes into law.