One Big Beautiful Bill Act Transfers $3.4 Trillion Upward Through Tax Cuts and Slush Funds

| Importance: 6/10 | Status: confirmed

Trump’s signature budget reconciliation bill increases federal deficits by $3.4 trillion over 10 years while transferring wealth upward, with 65% of benefits flowing to top 10% of earners. Creates multiple opaque funding streams including $100M OMB slush fund for “efficiencies” and $10B DHS border fund with minimal oversight. Permanently extends 2017 tax cuts, expands pass-through deduction to 23%, and raises estate tax exemption to $15 million, directly benefiting Trump Organization structure.

Key Actors

Donald Trump Mike Johnson (House Speaker) Republican Congress Office of Management and Budget Department of Homeland Security

Tags

budget-reconciliation tax-cuts-for-wealthy slush-funds wealth-transfer kleptocracy deficit-explosion oversight-evasion

Sources (3)

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