Today's number (+147K) shows steady job growth in an economy anxious about Trump’s tariffs and weakening consumer spending threatening to slow investment. An inopportune moment for Congress to pass a budget bill that kills jobs, guts basic needs programs, and adds $3.4 trillion in deficits. Why? 🧵

The bill will eliminate millions of jobs through deep cuts to energy tax credits, SNAP, and Medicare. It cuts $1 TRILLION from Medicaid, which provides coverage to ~70 million low-income Americans and is critical to keeping rural hospitals afloat. www.commonwealthfund.org/publications...

OBBBA reduces incomes for the poorest while providing tax giveaways to the wealthy. Its debt impact will also raise borrowing costs for consumers and biz—mortgages and other loans—leaving them with less disposable income and reducing investment. www.americanprogress.org/article/stat...

OBBBA also slashes investments needed to meet U.S. energy needs, esp for industries like AI. That will raise household utility bills. It would set us up for a future where the U.S. is less competitive, and dependent on other nations for new technology. www.nytimes.com/2025/07/01/c...

Economic uncertainty abounds. Will Trump’s “liberation day” tariffs activate on July 9? Those tariffs mean consumers face higher costs (~$2500). They also hit both U.S. businesses that rely on imports and U.S. exporters that suffer retaliatory measures. www.americanprogress.org/article/the-...