Donald Trump’s “One Big Beautiful” budget squeaked through the US House of Representatives last Thursday – a shiny populist package hiding a brutal class agenda. No taxes on tips! Bigger child tax credits! But look closer and the bill is a sleight of hand. The middle-class perks expire in 2028 – just as Mr Trump’s second term would end – while permanent tax cuts for the rich, and delayed cuts to means-tested welfare, entrench inequality. It’s not a budget. It’s a bait-and-switch. It turns Democrats’ fiscal caution into a liability – one that punishes their own base. Republicans understand what Democrats still don’t: deficits aren’t the danger. It’s what you do with them that matters.
This bill supercharges inequality: a $1.1tn giveaway to Americans earning more than $500,000 a year – funded by pushing poorer families off Medicaid and food assistance. It slashes green energy subsidies. Experts say it could add $3.1tn to the debt – but it’s more than millionaire tax breaks. It raises Immigration and Customs Enforcement funding by 365% for detention, 500% for deportations – fuel for Mr Trump’s crackdown.
