“In 50 years of watching economic policy, I have never seen a package that was so regressive…”
Senate Committee on Appropriations · July 14, 2025
A witness told the Senate Committee on Appropriations that a proposed tax-and-spending package would give the top 20% of earners an average $6,000 benefit while leaving the bottom 20% worse off, citing Medicaid and food-stamp cuts; the witness called the package "unprecedented" and highly regressive.
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