SHOT: House Republicans are pushing a deficit-busting bill that would give tax handouts to billionaires at the expense of working families …

Bloomberg: “GOP Tax Bill Seen Masking More Than $1 Trillion US Debt Hit”

Politico: “The House Energy and Commerce Committee, in a 30-to-24 party-line vote, advanced the health care section of the GOP’s sweeping tax bill that would slash Medicaid spending by hundreds of billions of dollars.” 

Politico: “The House Agriculture Committee voted 29-25 along party lines to advance legislation that would cut as much as $300 billion in food aid spending to pay for Republicans’ domestic policy megabill” 

USA Today: “Low-income families would lose, wealthier ones would gain under GOP tax proposals” 

CHASER: … while Moody’s stripped the U.S. government of its top credit rating after Trump said he would pay off the national debt (and exploded it in his first term just like other members of his party).

Associated Press: “Moody’s Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments’ failure to stop a rising tide of debt. …

“Extending President Donald Trump’s 2017 tax cuts, a priority of the Republican-controlled Congress, Moody’s said, would add $4 trillion over the next decade to the federal primary deficit (which does not include interest payments).”

Fortune: “President Trump says U.S. can pay off $36 trillion debt by selling wealthy immigrants $5 million ‘gold card’ visas and eventual citizenship”

ProPublica: “Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years”