LaToya Parker and Dedrick Asante-Muhammad at People’s World report the House’s passage of President Donald Trump’s Big, Beautiful Bill will cut trillions in taxes for the ultra-wealthy while eviscerating Medicaid, SNAP and other services for Working Americans. The Bill, which has now moved to the Senate, has been called a massive transfer of wealth from the poor to the rich. It will also entrench racial economic inequality, subsidizing dynastic wealth for the majority White top 0.1% while defunding Public Sector jobs and benefits that have long sustained the Black Working Class. Among other tax breaks for the wealthy and corporations, this Bill eliminates the Estate Tax for ultra-wealthy households. The Federal Estate Tax currently applies only to estates worth more than $13.99 million per individual (or $27.98 million per couple) in 2025. That’s just 0.1% of estates. Repealing the estate tax would cost the Federal Government billions in lost revenue and benefit only the very wealthiest households. Racially, the impact is stark: Black Families hold less than 5% of U.S. wealth, despite making up over 13% of households. And the Median White Household has 10 times the wealth of the median Black Household. Repealing the estate tax would be a massive wealth transfer to the already wealthy, doing nothing for the 99.9% of Americans - especially Black Households, who are far less likely to inherit wealth. To offset the cost of these massive tax breaks for the wealthy, the Bill slashes all kinds of programs that Working Americans rely on. One particularly cruel cut is to reduce benefits for Federal Employees and gut Civil Service protections. These changes threaten one of the most secure avenues for Black economic progress - government employment - for “savings” of just over $5 billion a year in a Bill that will cost trillions. Today, Black Employees make up 18.7% of the Federal Workforce. This is no accident - it reflects decades of Civil Rights gains, Anti-Discrimination Laws and the promise of fair hiring. Federal jobs have long provided higher wages, stronger benefits and greater job security for Black Workers than much of the Private Sector.

To Continue Reading This Labor News Story, Go To: Trump’s ‘big beautiful budget bill’ a disaster for Black workers – People's World

Photo Courtesy Of The American Federation Of Government Employees.