Over the weekend, Sen. Bernie Sanders (I-Vt.) accused President Donald Trump and his allies of triggering the record-breaking authorities shutdown as a result of they’re funding tax breaks for billionaires whereas hundreds of thousands of Individuals face skyrocketing healthcare prices.
Sanders Says Shutdown Is About Billionaire Tax Cuts And Healthcare Cuts
Sanders took to social media to put blame for the continued federal authorities shutdown squarely on Trump and the rich elite.
In a video assertion, Sanders stated the shutdown was a direct results of Trump’s “trillion {dollars} in tax breaks” for the highest 1% together with figures like Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos.
He warned that, to offset these tax cuts, Republicans are actually “doubling premiums for over 20 million Individuals” underneath the Reasonably priced Care Act.
Sanders stated that one other 15 million individuals may lose Medicaid protection subsequent 12 months.
“Trump and his mates gave a trillion {dollars} in tax breaks to the highest 1%, Mr. Musk, Mr. Bezos and all these different billionaires,” Sanders stated, including, “That’s what the shutdown is about,” whereas urging Democrats to not again down.
“We can’t enable that to occur. The Democrats should not cave.”
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Trump Pushes To Scrap Obamacare, Redirect Funds To People
On Saturday, President Trump has renewed his push to abolish the Reasonably priced Care Act, proposing that funds now despatched to insurance coverage firms be redirected to people to purchase their very own plans.
Shutdown Fallout Hits Economic system And Public Providers
The shutdown — now the longest in U.S. historical past — has triggered over 1,000 flight cancellations and delays nationwide and disrupted Supplemental Vitamin Help Program advantages, resulting in lengthy strains at meals banks in main cities.
Goldman Sachs economist Alec Phillips warned the standoff may shave greater than a full proportion level off fourth-quarter U.S. financial development, whereas Trump’s approval score has slipped to 41%, in accordance with an Emerson School ballot.
On Sunday night time, the Senate plans to take a procedural step towards voting to reopen the federal authorities, elevating cautious hopes of an finish to the 40-day deadlock.
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