📊📈📉📃👁️ 10 Charts to Understand the 900 Page Budget Bill
🤖 AI Summary
⚖️ Costs vs. Revenue: 💸 The bill’s costs, largely due to making 2017 individual tax cuts permanent, are not balanced by revenue-generating measures [00:24].
🏥 Medicaid Cuts: ✂️ The bill reduces Medicaid spending through work requirements and makes it harder for states to fund Medicaid [01:52].
🧑🎓 Student Loan Payments: ⬆️ The bill increases average monthly student loan payments, with some individuals seeing their payments double 💸💸 [03:34].
⚡ Clean Energy Investments: ☀️ The bill phases out tax credits from the Inflation Reduction Act, which had spurred significant clean energy investments 🌱 [04:40].
📊 Budget Deficit: 📉 The bill does not prioritize balancing the budget, unlike previous administrations [05:50].
🏘️ Distribution of Benefits: 💰 The bill disproportionately benefits wealthier households, while the bottom 20% of American households are expected to lose out 💔 [08:02].
📈 Economic Impact: 🤷 The White House predicts more growth from the bill, but other models project a negative economic benefit 📉 [08:43].
📚 Book Recommendations
💰 For understanding the national debt and budget deficits:
📖 “The National Debt: A Primer” by William G. Gale