Sen Wyden breaks down leaked memo from House Budget Committee GOP

[Dennis Donovan]

Senator Ron Wyden
‪@wyden.senate.gov‬
NEW: My staff just got ahold of this memo from House Budget Committee Republicans. It's lengthy and hard to digest but it tells us exactly how Republicans plan to sell out the American people for another round of tax cuts to the rich. We're breaking down the highlights as we go:
https://www.finance.senate.gov/imo/media/doc/budget_optionspdf.pdf
www.finance.senate.gov
January 17, 2025 at 2:57 PM

Click the link below to see the whole thread - worth reading!

https://bsky.app/profile/wyden.senate.gov/post/3lfxlcqdojk24

[BoRaGard]

1. Tax cuts for the rich. Ha ha suckers, for working Americans. Typical repube crap

Wake up magas. This is what republicons do. You have been suckered. Again.

[live love laugh]

2. "Leaks" is the new floating.

[Nanjeanne]

3. This list is sheer insanity.

Eliminating Child/Dependent Care Credit
Repealing Green Energy Tax Credits
Eliminating Head of Household Filing Status
Getting rid of many clean air/pollution reduction funding
Eliminate charitable deductions to Health Organizations
Eliminate nonprofit status for hospitals
Getting rid of mortgage interest deductions
Allow them to tax scholarship money
Repeal the minimum nursing staffing rule for nursing homes

And - here's a medical disaster waiting . . .

Eliminate the inpatient only list so they can do same day procedures in low cost outpatient settings!

And there's even more to unpack!

Meanwhile - lowering corporate tax rates, adding 10% tariffs etc.

So.... my question is ARE DEMOCRATS GOING TO DO ANYTHING? FIGHT OR CAVE? When I think that only 9 Senators stood against Republicans and voted NO on that disgraceful Laken Riley Act - I have little hope. I don't think we can only depend on: Booker, Hirono, Kim, Markey, Merkley, Sanders, Schatz, Smith and Warren to keep the defense up.

[Rebl2]

11. I think

a lot of maga are not going to like some of this at all.

[yellow dahlia]

13. .

[leighbythesea2]

21. You listed

The same items I screenshot & shared with family.
The loss of tax deductions, head-of-household status etc.
the non-profit status for hospitals. A great hospital in my area started as Mary Free Bed 100 years ago. My mother did her polio rehab there for a year, at age 8.

No minimum staff requirements at nursing facilities. (We paid 9k a month for memory care for my mom, and staff was already below what was needed).

They are heartless, but we knew that.
& the tariffs.
& the federal land for sale….

[Strelnikov_]

22. Mortgage interest deduction

That ain’t gonna go over too well.

[PSPS]

4. And this is how Luigis are created.

[2naSalit]

6. And...

There will probably a lot more as these plans are implemented.

[Mossfern]

16. Who/what is a Luigi

please.

[cliffside]

18. Who is Luigi Mangione, CEO shooting suspect?

https://www.bbc.com/news/articles/cp9nxee2r0do

".... They have been left stunned by the 26-year-old's arrest for the murder of UnitedHealthcare's chief executive Brian Thompson, who was fatally shot last week in New York City. Mr Mangione will plead not guilty, his lawyer says..."

[Mossfern]

20. Ahhh.....him.

Thanks

[2naSalit]

5. They intend to empty the tresury.

[littlemissmartypants]

7. But first...

They are going to co-mingle our Treasury and crypto after they make a killing with the tariffs.

President Felon himself stated that tariffs "make a lot of money." Plus, he's on video saying it with a smile.

So, that's what all of the focus on tariffs is about in case anyone wasn't clear about it.

[Evolve Dammit]

9. I agree with the crypto crap. They will try to devalue the dollar and jack up the crypto is my guess. Swiss francs time?

[littlemissmartypants]

10. I asked about...

Investment in precious metals in another group and was generally poo pooed by the majority for the idea. So, I don't know.

I think that they might end FDIC and I'm thinking about slowly withdrawing everything I have, which could take a while. Then making an at home fire proof safe purchase.

Meanwhile, selling everything I can earn a dollar on, ending superfluous travel, curtailing my unnecessary spending and rationing food.

I don't eat much anyway and since both of my dogs died in the same week last month I've pretty much lost my verve. So, I'm not a good conversationalist at the moment.

[Evolve Dammit]

15. I am so sorry you lost both of them at once. Every time I asked a financial person about foreign currency (Swiss francs,

etc.), I was told they either didn't know about it or considered any foreign currency "Speculative." I think the U.S. dollar may be regarded as such after the next 6-12 months. Hope I'm wrong and my "gut" is just indigestion?
And yes, they will try to end FDIC which is assanine. Came out of the Depression as a safeguard. Figures they would want to take it away. They are truly evil

[littlemissmartypants]

17. Thanks.

One the same day my daddy died and the other on Friday the thirteenth. I'm not sure how I'm going to get over it. If I will.

"Speculative" is definately how the U.S. dollar may be regarded soon. Every thing else is and that includes reality. It's like the world is being turned upside down but primarily for the purpose of emptying pockets.

I'm afraid of being paralyzed by shock and unable to react sensibly. Especially when everything is so uncertain. Uncertainty is destabilizing in itself.

[Evolve Dammit]

19. Your last line perfectly summarizes where we are. Grief is the worst. Take it slow and be good to yourself.

[ZonkerHarris]

8. The people voted for tax cuts for the rich. This is what they want. Just ask them

They all think they will be rich millionaires next year.
the year after at the latest.

[Johonny]

12. The chances my taxes increase seem almost

Certain. 😞

[yellow dahlia]

14. I knew it was going to be even worse than "we" thought...of course it is.

[KewlKat]

23. Besides coming from someones a$$, where are these "savings" projections that are stated coming from?