Reference News Network July 5 report: Germany's "Spiegel" weekly website published an article titled "Robin Hood of 'Robbing the Poor to Help the Rich'" on July 3, authored by Jörg Schendler. The following is a translated excerpt:

On the 3rd, the Republicans passed the "Big and Beautiful Act" which is more than 900 pages long with their narrow majority. For Trump, this act is "big and beautiful"; however, his opponents consider it "disgusting."

Without exaggeration, how voters perceive this will have a decisive impact on Trump's second term.

Trump believes that the "Big and Beautiful Act" will bring unprecedented miraculous economic growth to the United States.

To achieve this goal, the government plans to cut taxes for the people by 4.5 trillion dollars. But here, the term "people" almost entirely refers to the wealthy class.

According to calculations by the Yale Budget Lab, by 2034, high-income Americans will average a gain of $118,000, while the bottom fifth of the population will average a loss of about $560.

Trump and the Republicans cut approximately $1 trillion in healthcare spending, which could likely result in nearly 12 million people losing health insurance over the next 10 years, and the number of people who can receive food stamps and other forms of national subsidies will also drop significantly.

Even the rich and corporations have issued warnings, as the "Big and Beautiful Act" could directly lead to a global economic crisis.

Meanwhile, within the Democratic camp, they once again feel a sense of confidence since their disastrous defeat in last November's election. They are deeply convinced that Trump has just handed the initiative to the Democrats to reclaim Congress next year.

From now on, they will spare no effort to portray Trump as the opposite of "Robin Hood"—a president who "robs the poor to help the rich." After all, it was mainly the poor and ordinary workers who put Trump into power last year.

Since surveys show that only about 30% of Americans approve of the "Big and Beautiful Act," the Democrats may win easily this time.

But they might be celebrating too soon. After all, no one is better at catering to himself and his followers than Trump. Moreover, he has a trump card: combating so-called foreign criminals and invaders. The Republican Party has promised to allocate $46.5 billion in new funds to build more fences along the southern border. An additional $45 billion will be used to build deportation centers, and $30 billion for recruiting new border forces.

Even by 2026, Trump supporters may only hear these messages. (Translated by Zhong Sirui)

Original: https://www.toutiao.com/article/7523489235429507622/

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