New so-called conservative Tax Foundation analysis says Trump/GOP tax and spending bill heralded on the Fourth of July benefits the richest taxpayers over the poorest taxpayers by 4,435%

 

 The One Big Beautiful Bill Cuts Taxes Across the US, New Analysis Finds

... At the county level, the largest average tax cuts are found in mountain resort towns. For example, we estimate Teton County in Wyoming will see an average tax cut of $37,373 per taxpayer in 2026, the highest in the US. Pitkin County, CO ($21,363), and Summit County, UT ($14,537), rank number two and three for the largest average tax cuts, likely representing the residences of business owners and higher-earning taxpayers. The smallest average tax cuts are found in rural counties, such as Loup County, NE, with an average tax cut of $824 in 2026. ...

Yes, the average tax cut of the richest taxpayers is 45.35 times the size of the average tax cut for the poorest.

Yeah, run on that GOP, run.

GOP U. S. House of Representatives decides to . . .

Not sure what they're smokin' over there at CNBC this afternoon: 

House speaker starts August recess early to avoid Jeffrey Epstein votes

 

... On Tuesday, Deputy Attorney General Todd Blanche said he was speaking with Maxwell’s defense lawyer to see if Maxwell “would be willing to speak with prosecutors” to see if she “has information about anyone who has committed crimes against victims.” ...

... Blanche previously served as a criminal defense lawyer for Trump when the president was indicted in four separate cases after ending his first White House term in January 2017. ...

Republicans can't take the heat of townhall meetings angry about Elon Musk, RNC official advises curtailing public engagement after just 37 days of Trump chaos, claims the townhalls are astroturfed

House Republicans hit the brakes on town halls after blowback over Trump’s cuts

... “Obviously we’re very aware of those headlines,” a Republican National Committee official familiar with the dynamics said.

“I don’t know that a specific edict is going to come down from on high that they need to stop or anything, but a message I believe has been clearly sent that this narrative should end very soon,” the official said. “Probably the best way for that to happen is no more town halls. Elon Musk’s work still has the administration’s support, period.” ... “Pathetic astroturf campaigns organized by out-of-touch, far-left groups are exactly why Democrats will keep losing.”

 

Deposit Insurance In Spain Is Meaningless

If you want to know why 100 billion euros have fled Spain in the first quarter of this year, here's why:

In Spain there are about 800 billion euros of insured deposits, but the deposit insurance fund has assets of just 7.9 billion euros, and 5.3 billion has already been committed to troubled savings bank Caja de Ahorros del Mediterraneo (CAM), Barclays analysts estimated.

Democrats in Wisconsin and Now Indiana Agree

The story is here.