Summarizing CBO, Fed and other analyses of Trump's truly awful economic policies, so you have it all in one place for sharing. 🔴Bottom 80% are expected to be worse off from the combination of Trump's tax bill (OBBBA) and tariffs. 1/
CBO estimates the bottom 30% will be worse off from Trump's tax bill (OBBBA) alone, mainly from spending cuts on Medicaid and food stamps (SNAP), worsening inequality as resources shift from poor to rich (a.k.a. Reverse Robin-Hood.) 2/
CBO estimates that 11-16 million will lose their health insurance, mainly from Medicaid cuts and ACA sabotage. 3/
CBO on tariffs: 🔴$2.5 trillion tax increase on U.S. consumers. 🔴Inflation / price level up additional 1% overall by end of 2026. 🔴GDP growth slows slightly, resulting in economy (and incomes) 0.6% lower by 2035. 4/
Here's what the Fed thinks of Trump's policies: 🔴Growth slower 🔴Unemployment higher 🔴Inflation higher 🔴Interest rates higher 5/END
