Trump sees beauty in inequality of new tax bill

The Urban Institute reports:

“Wealth inequality is higher in the United States than in almost any other developed country and has risen for much of the past 60 years.”

Its study adds:

“In the past 60 years, America witnessed a massive transfer of wealth from the middle class to the wealthiest families. In 1963, the wealthiest families had 36 times the wealth of families in the middle of the wealth distribution. By 2022, they had 71 times the wealth of families in the middle.”

No wonder President Donald Trump and House Speaker Mike Johnson decided it was time to enact a “Big Beautiful Bill” which, in the words of Sen. Josh Hawley, R-Mo., represents “reverse class warfare.” “It’s taxing the poor to give to the rich.” And that’s Josh Hawley.

The Congressional Budget Office indicates that