Senate budget bill massively benefits the rich

In the United States, the Senate voted on a budget bill that has been criticized for its regressive tax provisions. The bill extends tax cuts initiated in the 2017 Tax Cuts and Jobs Act, aiming to reduce taxes for high-income households while providing minimal relief to lower-income earners. Analysis from the Tax Policy Center reveals that the most affluent Americans could receive tax cuts averaging over $250,000, reinforcing concerns about growing economic inequality. Critics, including Richard R. Buery, Jr., CEO of New York City's Robin Hood charity, condemned the bill for harming the urban poor, particularly as the city faces an increased poverty rate. Despite the opposition from prominent philanthropic figures, many billionaire donors associated with Robin Hood remained silent on the issue, prompting questions about the disconnect between philanthropy and policy impacts. As the bill awaits a vote in the House of Representatives, it has ignited debates about economic fairness and the responsibilities of wealth in society. A significant point of contention is how the bill disproportionately favors the top 0.1% of earners, raising alarms about the potential erosion of social safety nets and exacerbation of poverty levels nationwide, especially in areas hit hardest by economic downturns.