đš Elizabeth Warren Slams GOPâs âBillionaire Tax Giveawayâ
đ„ Senator Elizabeth Warren is calling out Republicans for planning âgiant tax breaks for the richest Americansâ â while slashing health care for 14 million people across the U.S.
Whatâs happening:
đ§Ÿ The GOP tax bill just passed a key House committee (26â19 vote, party lines)
đ° Would extend Trumpâs 2017 tax cuts â set to expire this year
đ Adds new breaks for workers, retirees & private schools
â Slashes Bidenâs green energy projects to reduce costs
đ©ș Medicaid cuts could drop 7.7M people from coverage
â ïž Adds $4T+ to U.S. debt as debt ceiling crisis looms
đ§ź SALT cap still in limbo (Trump wants it back, GOP undecided)
Warrenâs take:
âCutting health care for babies to make a handful of billionaires richer.â
But critics fire back:
> âLetting people keep their money isnât a giveaway.â
âThis is just extending what already exists.â
Why Crypto Cares:
đȘ This is macro market fuel â tax and debt decisions impact rates, inflation & risk appetite
đŠ More debt = more pressure on Fed = more liquidity = possible bullish tailwind for crypto
TL;DR:
U.S. tax wars heat up again â and cryptoâs watching the macro smoke signals.
#CryptoNews #BinanceSquare #ElizabethWarren #TrumpTaxPlan #Medicaid