Institute on Taxation and Economic Policy

July 16, 2025

Demos: The Reconciliation Bill Is a Brazen Betrayal of Present and Future Generations

ITEP Work in Action

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The passage of the inaptly named “One Big Beautiful Bill” is a loss for the country, not just because of immediate cost and economic harm it will cause families but because of the future we’re giving up. Slashing funding for programs that support individual and community well-being in order to cut taxes for the wealthy elite will most directly and immediately harm households with the fewest resources, but ultimately, everyone will lose out on a better future. 

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