Thursday, May 15, 2025

Perks now, pain later

For all four years of Donald Trump’s presidency — and those years only — Americans would enjoy benefits like no taxes on tips or overtime, under the massive party-line legislation House Republicans are trying to pass this month.

Then it won’t be until 2029, when congressional GOP incumbents have already run for reelection and Trump is gone from the White House, that voters feel the sting from many of the “pay-fors.” That includes much of the Medicaid cuts estimated to strip health care coverage from more than 10 million people, plus the nixing of clean energy tax perks Democrats created during the Biden administration.

In each slice of the megabill House Republicans are working to tie up this week, policies would kick in immediately that curry favor with voters and add trillions of dollars to the federal deficit — before those costs are ultimately offset with unpopular policies that hit after the 2026 midterms and the 2028 presidential election.

Read the rest here.

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