On July 4, President Donald Trump enacted legislation hailed by Republican Senator Tim Scott as a significant accomplishment for “fiscal responsibility” and “opportunity.” However, this extensive framework is perceived as a means to further concentrate wealth, destabilize public education, and divert resources from Black communities. While Scott portrayed the legislation as a boon for families, independent evaluations reveal a contrasting reality. The Committee for a Responsible Federal Budget anticipates this law may contribute trillions to the deficit over the next ten years, largely due to corporate tax cuts and increased defense spending. This will likely lead to calls for cuts to essential programs such as Medicaid and housing assistance impacting many Black families.
Despite Scott's assertions that the law aids workers, the wealthiest 1% will capture the bulk of the tax advantages. Meanwhile, middle-income households—often predominantly Black—will receive only temporary, minimal benefits. The legislation’s permanent school choice tax credit appears beneficial for low-income students but mainly aids those already capable of affording private education. Critics warn this will exacerbate educational inequities.
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Why Stacy Brown Disagrees with Sen. Tim Scott: A Deep Dive into the Debate
Black Owned Newspapers And Blogsby Toter 1 day ago 18 Views 0 comments
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