BIG BEAUTIFUL BILL IMPACT
BILL: TAX CUTS AND JOBS ACT (TCJA)
KEY CHANGES:
1. Lowered Taxes for Most people. But these tax cuts will expire after 2025--unless extended.
2. Permanently Lowered Taxes for Corporations from 35% to 21% and wealthy retirees which means that corporations and the wealthy get to keep more of their earnings which will allow corporations to invest more (will it be in the people or the shareholders? ). Corporations can buy back their own stock which makes their shareholders (investors) wealthier. Originally, Corporations were fighting for these tax cuts because they said that tax cuts would be a way to raise wages and create jobs for the workers. Let's see what happens now that they've received permanent tax cuts...
3. The TCJA didn't directly cut Medicaid, but by adding $1.5 trillion dollars to the federal deficit (we already owe $36.22 trillion), and weakening the Affordable Care Act, it has created financial and political pressure that could lead to Medicaid cuts in the future because the states that expanded Medicaid under the ACA depend heavily on federal funding. If there's not enough federal funding for Medicaid, it could lead to Medicaid cuts. This also goes for Food Stamps (SNAP). Fewer people qualify--meaning if you own a modest car or have $2,000 in savings, you might be denied. And if adults can't find stable work, or prove their hours, they could lose their food stamps.
4. Low-income individuals, retirees and families received little to no benefits from this bill.
BIGGEST WINNERS?
The Wealthy and Corporations: AKA SHAREHOLDERS...
DON'T FORGET...WE. THE. PEOPLE. HELPED
" PEOPLE BUILD COMPANIES. SO, WHY AREN'T PEOPLE BEING HIRED PROPERLY AND PAID WELL FOR THEIR LABOR?
U.S. PRIVATIZED CORPORATIONS (Owned and run by private individuals)
Apple, Microsoft, Google (Alphabet), Amazon, Facebook, Walmart, Target, Home Depot, JPMorgan Chase & Co., Bank of America, Wells Fargo & Company, Citigroup, AIG, General Motors, Ford Motor Company, Tesla, UnitedHealth Group, CVS, Cigna, Walt Disney, Comcast, Netflix, FedEx, Exxon, Chevron, Coca-Cola, PepsiCo, McDonald's, Bechtel, Fluor
COME TOGETHER, STRENGTHEN OUR COUNTRY FOR OURSELVES
COMMIT TO ECONOMIC GROWTH AND STABILTY
INVEST IN TECH EDUCATION AND WORKFORCE DEVELOPMENT
COMMIT TO ECONOMIC GROWTH AND STABILTY
Reduce inequality in the workplace. Create better jobs with better wages. Create pro-business strategies that support workers--especially those workers who have been displaced by technology or global shifts, so that workers can take care of their families.
Help to provide unemployment insurance, social security and assistance for those with disabilities. This helps all to become self-sufficient.
Speak up where it counts. Say "no" to things that don't benefit all working people. We all can take an active part in making this happen. Stop "cut throat" mentality.
Organizations: Fight for $15, Economic Policy Institute, Center for American Progress, National Employment Law Project, Institute for Policy Studies, United for a Fair Economy, Service Employees International Union, Low-Wage Workers' Advocacy Groups, The Workers Defense Project are all advocating for workers as well.
FIND COMMON GROUND ON TAX REFORM
INVEST IN TECH EDUCATION AND WORKFORCE DEVELOPMENT
COMMIT TO ECONOMIC GROWTH AND STABILTY
Tariffs are taxes. Create tax reform that encourages people to invest, that will support small businesses and make sure that the wealthiest contribute FAIRLY to the services--not for control, but for the necessity of our country. Tax money is collected from U.S. citizens to help pay for services and programs that benefit all citizens like roads, education, healthcare, public safety, social security, etc. If all citizens pay their taxes, then they should benefit from the services and programs provided in our country. So, what should happen to those who do not pay their taxes?
HOW WILL TARIFFS AFFECT WORKING PEOPLE?
TARIFFS are taxes on products imported from other countries coming into the U.S. Businesses in the U.S. will have to pay more for these products coming in to our country. In order to make a profit, these businesses will then have to raise their prices, resulting in higher prices for the people who buy U.S. products.
INVEST IN TECH EDUCATION AND WORKFORCE DEVELOPMENT
INVEST IN TECH EDUCATION AND WORKFORCE DEVELOPMENT
INVEST IN TECH EDUCATION AND WORKFORCE DEVELOPMENT
Collaborate on creating quality PUBLIC education for ALL American citizens. Invest in technological, entrepreneurial, vocational, small business and financial literacy programs and civic education and training to ensure that workers are also good citizens who can adapt to the changing economy. Both public and private sectors need to work together for the preparation of both young and old--especially for Millennials and GenZ by investing in its citizens for a stronger future economy and country. The Return on Investment is when citizens are EDUCATED AND EQUIPPED!
LET'S LEARN THE TECHNOLOGY, TOO AND USE IT TO OUR ADVANTAGE TO MAKE A BETTER WORLD!
ADDRESS CLIMATE CHANGE BECAUSE IT IS REAL.
COMMIT TO BETTER HEALTHCARE AND SOCIAL SECURITY
INVEST IN TECH EDUCATION AND WORKFORCE DEVELOPMENT
Our country needs clean energy, clean air, good soil, infrastructure improvements and sustainability. This will also create new jobs.
Take care of our environment and it will take care of us.
Create more green spaces. Clean up the dumping grounds in our oceans as well as on land. When we deplete resources in certain areas, restore them. We have to give back to our environment every step of the way if we want it to take care of us. Stop the fracking and other techniques that is destroying our earth.
COMMIT TO BETTER HEALTHCARE AND SOCIAL SECURITY
COMMIT TO BETTER HEALTHCARE AND SOCIAL SECURITY
COMMIT TO BETTER HEALTHCARE AND SOCIAL SECURITY
Collaborate and find ways to strengthen the Affordable Care Act by providing more options for healthcare. Every person deserves the opportunity for good health.
JOBS
Also, create better jobs and job opportunities for older people who are not ready to retire. Why have we excluded older adults who can still work?
Create effective programs for our elderly and retired adults. Stop neglecting our older adults and our elderly because of age.
STOP THE DISCRIMINATION!
PROMOTE POLITICAL REFORM AND TRANSPARENCY
COMMIT TO BETTER HEALTHCARE AND SOCIAL SECURITY
COMMIT TO BETTER HEALTHCARE AND SOCIAL SECURITY
The Elite, Republicans and Democrats have the ability to work together to create policies that can reduce the influence of money in our politics. But will they? Our elections are becoming ridiculous because the obvious advantage is now with those who have the most money. This is akin to a person owning the whole neighborhood just because he/she is living in the most expensive house.
This kind of mindset eventually causes internal infighting amongst the elite and an erosion of faith and hope within our country and its citizens. Is this what we want?
HOW THE U.S. NATIONAL DEBT WORKS
"Wreck it and Rob it, Disrupt, Break and Defund it, simply amounts to THEFT.
The U.S. National debt is a combination of money borrowed from both domestic and foreign sources as well as government accounts. WE DON'T NEED THEFT, TOO. Our government currently owes its $36.22 trillion debt to two main Trust Fund groups:
1. PUBLIC-- China and Japan (U.S. Treasury securities) and U.S. individuals/institutions.
2. GOVERNMENT TRUST FUNDS--
a. Social Security--our government borrows from this fund to cover social security benefits.
b. Medicare--our government borrows from this fund to finance healthcare services.
3. Federal Unemployment Trust Fund (FUTF) and Federal Employee Retirement Funds--our government borrows from these funds to cover benefits for federal employees. Corporate employers directly fund the Federal Unemployment Trust Fund (FUTF) by paying a federal unemployment tax on the wages of their federal employees to provide unemployment benefits to their eligible workers.
4. Environmental and Energy Trust Fund--our government borrows from this fund to cover sustainability and energy projects.
Where does the money come from to build up these trust funds?
Payroll taxes from workers and employers fund Social Security and Medicare, while alcohol, tobacco and gasoline taxes fund health-related programs. Income taxes, sales taxes and other forms of taxation are "earmarked" for other purposes like Defense or Education.
Fossil fuel taxes fund the Environmental and Energy Trust fund. This fund is for things that create electricity, heating, transportation and carbon emissions (increased greenhouse gases hat come from clearing forests to create large amounts of land for agriculture and urbanization.
So how is our government in debt? It spends more money than it collects, the cost to run health and pension systems keep rising, tax cuts for the rich, emergency spending due to natural disasters and pandemics, war, importing more than we export, and economic recessions.
Place money in its proper perspective and place. HELP THE PEOPLE IN THE WAY THAT IT'S SUPPOSED TO HELP. "Wreck it and Rob it, Disrupt, Break and Defund it, simply amounts to THEFT.
WE.THE.PEOPLE.
CONGRESS:
Article I, Section 9, Clause 7 of the U.S. Constitution reads:
"No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a Regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time."
The purpose of this clause is to enforce the principle of Congressional control over federal spending. It makes sure that the U.S. President DOESN'T spend government money without the approval of Congress. It also mandates transparency and accountability regarding the use of public funds. This provision is a safeguard to ensure that U.S. taxpayers' money is spent according to the law and public interest.
TOP U.S. Billionaires
Pay Attention to this...
Top 5 U.S. Billionaires:
Elon Musk (Tesla)--$428 billion, Jeff Bezos (Amazon)--$235.2 billion, Larry Ellison-(Oracle)-$210.5 billion, Mark Zuckerberg(Facebook, Meta)--$204.4 billion, Larry Page/Sergey Brin (Google)--$157.6 billion for a combined net worth of $5.8 trillion dollars. To give you an idea of how much money this is:
$2.628 trillion of the $5.8 trillion amassed, would be enough to give 131.4 million working class households making an annual salary of $30,000--$85,000, $20,000 each and then apply the remaining balance of $2.672 trillion to the U.S. National debt which is $36.22 trillion dollars.
