I think they misspelled "grift," but that's neither here nor there.
Last week, President Donald Trump signed what is likely the most regressive U.S. tax-and-spending bill in U.S. history, giving the top one percent of families more than $1 trillion in tax cuts while slashing Medicaid health coverage and food assistance for the poor. It is also one of the worst environmental bills in U.S. history.
Trump’s “Big Beautiful Bill” provides billions of dollars in giveaways to the fossil fuel industry and its wealthiest executives while taking a machete to our national effort to confront the climate crisis and build healthier, more sustainable, and more just communities.
“The Big Ugly Bill is a direct attack on our communities and our climate,” says Irene Burga of GreenLatinos. “This bill puts profit over people, and it will worsen the heat, pollution, and injustice we are already fighting to survive.”
The new law compounds the already $17 billion in direct federal subsidies U.S. taxpayers pay to oil, gas, and coal companies every year. It cuts hundreds of billions of dollars in tax incentives for renewable energy, despite it being cheaper, healthier, more efficient, and more reliable than fossil fuels. As a result, the law threatens nearly a million U.S. jobs and will result in higher electricity and transportation costs for people living in every state in the continental U.S.