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Yale University exposes Donald Trump and the entire Republican Party by revealing that their proposed budget plan would transfer a massive amount of wealth from the poorest 40% of Americans to the richest 1%.
The numbers simply do not lie...
According to Yale's Budget Lab, the MAGA plan to dish out $4.5 trillion in tax cuts paired with $1.5 trillion in spending cuts will disproportionately affect the poorest swath of the population.
Researchers Harris Eppsteiner and John Ricco explain that the MAGA budget includes a staggering $230 billion in cuts to the Supplemental Nutrition Assistance Program (SNAP) over ten years, as well as an $880 billion gutting of Medicaid in the same time span.
While Trump has insisted that he doesn't want to cut Medicaid, experts agree that there is simply no way to finance the budget plan without such cuts.
"The overall effect of these three policy changes would be regressive, shifting after-tax-and-transfer resources away from tax units (members of a household filing a tax return together) at the bottom of the distribution towards those at the top," they wrote.
"Tax units at the bottom of the income distribution would see a reduction in after-tax-and-transfer income of 5%, those in the middle of the distribution would see a modest increase of 0.6%, and those in the top five percent of tax units would see an increase of 3%. More than 100% of the net fiscal benefit would accrue to the top quintile," they added.
Of course, this is what MAGA always stood for. The gullible voters who thought that Trump actually cared about the working class are going to see their benefits slashed so that billionaires can buy more yachts.
