Key Point: “With [Donald Trump’s budget bill’s] distinctive mix of tax cuts laser-focused on the rich and spending cuts that most hurt middle- and low-income Americans, it would shift more resources up the income ladder than any bill passed since scorekeepers started keeping track. And when voters learn what it would do — even Republican voters — they recoil against it.”

New York Times Opinion: The Four Ugliest Points About the Big Beautiful Bill

By Jacob S. Hacker and Patrick Sullivan

• With [Donald Trump’s budget bill’s] distinctive mix of tax cuts laser-focused on the rich and spending cuts that most hurt middle- and low-income Americans, it would shift more resources up the income ladder than any bill passed since scorekeepers started keeping track. And when voters learn what it would do — even Republican voters — they recoil against it.

• In a survey we ran after the House version of the bill passed, we showed a random selection of voters how the bill would affect the take-home income of less affluent Americans versus the top 1 percent. Opposition exploded, with only 11 percent of Americans supporting the bill — one-third the level of support seen among those not shown the distributional results.
  
• Among Republicans, the shift was even larger: Support and opposition flipped — to nearly 3 to 1 opposition from nearly 3 to 1 support.

• The current bill is basically a mix tape of these 2017 tracks, with some bonus material thrown in, including the biggest retrenchment of SNAP, also known as food stamps, in its history, and big cuts to loans and Pell grants for nonaffluent college students.

• When you combine those two epically unpopular bills you get an epically regressive result — the only budget bill since at least the mid-1980s … that reduces disposable income among the bottom 20 percent by the same magnitude as it raises it among the top 20 percent (by on average 4 percent of after-tax income, according to our colleagues at the Budget Lab at Yale University).

• In parallel with targeted tax cuts for the rich, Republicans, led by Mr. Trump, have promised to gut the Internal Revenue Service. If they succeed, the deficits caused by the bill, as well as its tilt to the affluent, would dramatically increase.

• [T]he bill will reduce the number of Americans with health insurance by 11 million — and 16 million if you take into account the fact that Republicans refuse to extend expanded tax credits for private health insurance in the Obamacare marketplaces.