šØ Elizabeth Warren Slams GOPās āBillionaire Tax Giveawayā
š„ Senator Elizabeth Warren is calling out Republicans for planning āgiant tax breaks for the richest Americansā ā while slashing health care for 14 million people across the U.S.
Whatās happening:
š§¾ The GOP tax bill just passed a key House committee (26ā19 vote, party lines)
š° Would extend Trumpās 2017 tax cuts ā set to expire this year
š Adds new breaks for workers, retirees & private schools
ā Slashes Bidenās green energy projects to reduce costs
𩺠Medicaid cuts could drop 7.7M people from coverage
ā ļø Adds $4T+ to U.S. debt as debt ceiling crisis looms
š§® SALT cap still in limbo (Trump wants it back, GOP undecided)
Warrenās take:
āCutting health care for babies to make a handful of billionaires richer.ā
But critics fire back:
> āLetting people keep their money isnāt a giveaway.ā
āThis is just extending what already exists.ā
Why Crypto Cares:
šŖ This is macro market fuel ā tax and debt decisions impact rates, inflation & risk appetite
š¦ More debt = more pressure on Fed = more liquidity = possible bullish tailwind for crypto
TL;DR:
U.S. tax wars heat up again ā and cryptoās watching the macro smoke signals.
#CryptoNews #BinanceSquare #ElizabethWarren #TrumpTaxPlan #Medicaid