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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHeather Cox Richardson: "racism has always gone hand in hand with the concentration of wealth"
https://heathercoxrichardson.substack.com/p/may-22-2025Just before 7:00 this morning, the House of Representatives passed the Republicans megabill by a vote of 215 to 214. All Democrats voted no. Two Republicans, Thomas Massie of Kentucky and Warren Davidson of Ohio, joined the Democrats in voting no. Chair of the far-right House Freedom Caucus Andy Harris of Maryland voted present. The measure now advances to the Senate.
The nonpartisan Congressional Budget Office says the bill cuts at least $715 billion in healthcare spending, mostly from Medicaid, and $300 billion from the Supplemental Nutrition Assistance Program, causing more than 2.7 million American households to lose benefits. Because the massive debt increase in the measure triggers a 2010 law requiring offsets, it will cut Medicare, as well, by an estimated $500 billion.
Economist Robert Reich points out that Americans making between about $17,000 and $51,000 will lose about $700 a year. On average, Americans with incomes of less than $17,000 will lose more than $1,000 a year. But if you are among the top 0.1% of earners, youre in luck: youll gain nearly $390,000 a year.
The measure roughly doubles the current annual budgets of Customs and Border Protection and Immigration and Customs Enforcement (ICE) in what Aaron Reichlin-Melnick of the American Immigration Council notes is the single biggest increase in funding to immigration enforcement in the history of the United States. It increases ICEs detention budget from $3.4 billion a year to $45 billion through September 2029, a staggering 365% increase on an annual basis that would permit ICE to detain at least 100,000 people at a time.
. . .
This bill highlights a truism: In the United States, racism has always gone hand in hand with the concentration of wealth among the very richest people.
. . .
The nonpartisan Congressional Budget Office says the bill cuts at least $715 billion in healthcare spending, mostly from Medicaid, and $300 billion from the Supplemental Nutrition Assistance Program, causing more than 2.7 million American households to lose benefits. Because the massive debt increase in the measure triggers a 2010 law requiring offsets, it will cut Medicare, as well, by an estimated $500 billion.
Economist Robert Reich points out that Americans making between about $17,000 and $51,000 will lose about $700 a year. On average, Americans with incomes of less than $17,000 will lose more than $1,000 a year. But if you are among the top 0.1% of earners, youre in luck: youll gain nearly $390,000 a year.
The measure roughly doubles the current annual budgets of Customs and Border Protection and Immigration and Customs Enforcement (ICE) in what Aaron Reichlin-Melnick of the American Immigration Council notes is the single biggest increase in funding to immigration enforcement in the history of the United States. It increases ICEs detention budget from $3.4 billion a year to $45 billion through September 2029, a staggering 365% increase on an annual basis that would permit ICE to detain at least 100,000 people at a time.
. . .
This bill highlights a truism: In the United States, racism has always gone hand in hand with the concentration of wealth among the very richest people.
. . .
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Heather Cox Richardson: "racism has always gone hand in hand with the concentration of wealth" (Original Post)
erronis
Friday
OP
mikeysnot
(4,830 posts)1. Divided
And conquered.
elocs
(24,381 posts)2. Trump is a racist. So for all the Blacks, Hispanics, and other minorities who voted for Trump,
he thanks you for your votes and thinks you are really, really stupid.
CaliforniaPeggy
(154,031 posts)3. Heather Cox Richardson is a superb writer plus a terrific historian.
She routinely nails it. I find her refreshing, open, honest and brilliant.
Racism and wealth definitely co-exist.
K&R