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The Guardian Business · Aug 15, 2026 10:00 AM EDT MacroHealthcare

Donald Trump doesn’t just love billionaires, he loves multimillionaires too

US tax policy deprives the government of revenue and overwhelmingly serves the interests of the richAfter the House passed its version of Donald Trump’s One Big Beautiful Bill Act (OBBBA) last year – the one that paired a $5tn-plus tax cut with $1tn-plus of cuts from food stamps and Medicaid – the House speaker, Mike Johnson, explained that “this is not giving tax cuts to the millionaires”. The beneficiaries, he sai…

Donald Trump doesn’t just love billionaires, he loves multimillionaires too
Image The Guardian Business

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