How Pharma, Oil, And Wall Street Funded Trump's Tax Scam

[Passages]

Years of multimillion-dollar investments by conservative advocacy groups delivered Trump and congressional Republicans’ Big Beautiful Betrayal.

Analysis
Jun 26, 2025

Tony Clark


Through a series of closed-door meetings, overnight votes, and empty promises, House Republicans passed a tax scheme that will kick 16 million Americans off their health care, skyrocket the cost of food, and funnel massive giveaways to Big Oil while gutting investments in clean-energy jobs. The resulting revenues will fund massive tax breaks for Republican lawmakers, their wealthy donors, and huge corporations.

At its core, the bill defies logic. It is as politically unpopular as it is bad for the economic well-being of the majority of Americans. It’s so catastrophic that you’d expect more than a handful of congressional Republicans to publicly raise concerns about the political cost. But as Senate Republicans now scramble to try to pass the bill by the July 4 deadline demanded by President Donald Trump, the majority aren’t taking their cues from their constituents. They’re listening to the wealthiest Americans and big businesses who’ve gamed the political system to their benefit.

How do we know? Just look at who’s funding the fight.

One of the leading groups running advertisements supporting the “Big Beautiful Betrayal” is the American Action Network. The conservative dark money group spent $4 million to assert that the tax bill will help ordinary Americans, conveniently leaving out the cuts the bill would make to Medicaid and how it would sunset Affordable Care Act subsidies.

https://www.levernews.com/how-pharma-oil-and-wall-street-funded-trumps-tax-scam/?utm_source=newsletter-email&utm_medium=link&utm_campaign=newsletter-article

Another day, another grift for the greedy.