Donald Trump’s “One Huge Stunning” funds squeaked by way of the US Home of Representatives final Thursday – a shiny populist bundle hiding a brutal class agenda. No taxes on ideas! Greater little one tax credit! However look nearer and the invoice is a sleight of hand. The center-class perks expire in 2028 – simply as Mr Trump’s second time period would finish – whereas everlasting tax cuts for the wealthy, and delayed cuts to means-tested welfare, entrench inequality. It’s not a funds. It’s a bait-and-switch. It turns Democrats’ fiscal warning right into a legal responsibility – one which punishes their very own base. Republicans perceive what Democrats nonetheless don’t: deficits aren’t the hazard. It’s what you do with them that issues.
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