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🗓️ 11 July 2025
⏱️ 51 minutes
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On the Fourth of July, President Donald Trump signed into law a bill that constitutes one of the largest transfers of wealth in history — taking money away from working people and giving it to the nation’s elite.
The bill is the culmination of years of giveaways that have allowed corporations and billionaires to tighten their grip on the government. The law triples the budget for Immigration and Customs Enforcement, slashes taxes for the most wealthy, and pays for it all by cutting health care for as many as 20 million people and gutting funding for public education and meals for school children.
“ The reconciliation process goes hand-in-hand with all the executive orders that we've been seeing,” says Rep. Summer Lee, D-Pa. “It goes hand-in-hand with all of the different things that DOGE was pretending to uncover. It goes hand-in-hand with so much of Project 2025. So this is all just one kind of super villain packed into this — what they call this one big bill — that's like thousands of pages.”
This week on The Intercept Briefing, Lee speaks to host Akela Lacy about what Democrats are doing to meet the moment and how they can break through Republican messaging on the bill.
“ Democrats are screaming into a void,” Lee says. “The reality is that we have been talking about Medicaid, and it's very hard to break through in a 24-hour news cycle and this big bubble where we are in a sea of red coverage, conservative media, conservative narratives, disinformation, misinformation. And to break through in that moment takes more than just us.”
At the heart of it all is one core problem: the power of money in politics, Lee says. She introduced a bill to ban super PACs, the kind of groups that helped elect Trump and have pushed Democrats to the right.
“ You cannot have a democracy and super PACs,” Lee says. “If you are able to influence and shape the politics, shape information — what information gets out, which information doesn’t — because you have more money, then we don't have a level playing field.”
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0:00.0 | Welcome to the Interset Briefing. I'm Akala Lacey. |
0:06.9 | Last week, President Donald Trump signed into law a bill packed with giveaways to corporations and the wealthy. |
0:14.2 | So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history. |
0:20.4 | The law triples the budget for immigration and customs enforcement as the agency conducts |
0:24.8 | militarized raids terrorizing communities across the country. |
0:29.2 | It gives away billions of dollars to police and adds trillions to the national debt. |
0:34.3 | So how exactly are we paying for it? |
0:36.5 | Well, by stripping medical care for 20 million people, |
0:41.3 | gutting funding for public education, and programs to feed school children. The consequences are |
0:47.9 | startling, but they're also predictable. Years of giveaways have allowed corporations and the most wealthy to tighten their grip on the government. |
0:57.6 | Corporations, billionaires, and the elite of the elite can spend unlimited amounts of money to influence federal elections, |
1:04.5 | running the kinds of campaigns that helped elect Trump. |
1:07.6 | Elon endorsed me the other day, and I read, I didn't even know this, he didn't even |
1:12.9 | tell me about it. |
1:14.6 | But he gives me $45 million a month. |
1:20.5 | A month. |
1:22.7 | Not 45 million. |
1:25.2 | It gives me 45 million a month. |
1:27.6 | But the government has long been seating this power in bits and pieces under Democrats and Republicans alike. |
1:35.4 | From the Supreme Court's ruling in Citizens United to Bipartisan Support for APEC, the American Israel Public Affairs Committee, |
1:42.6 | A PAC used its PAC and its Super PAC to spend $100 million on the last midterm elections. |
1:50.8 | Deference from Congress, the judicial branch, and unsurprisingly, the White House, to billionaires, the elite, and their preferred political vehicles and corporations is the new norm. |
... |
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