Bernie Sanders Slams Trump's Economic Agenda, Says It's for the 'Billionaire Class'

On Tuesday, in a post on X, Sanders criticized the Trump administration’s agenda, accusing the president of advancing policies that benefit wealthy Americans at the expense of social programs.

He wrote, "The Trump Agenda: 4 million people kicked off nutrition assistance, 15 million will be kicked off healthcare, $1 trillion in tax cuts for the top 1%, $1.5 trillion for the Pentagon, $2.2 billion into his own pocket."

Sanders concluded his post by criticizing the direction of the administration, writing, "This is what a government by and for the billionaire class looks like. Obscene."

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Democrats Target Trump’s Economic Policies

Earlier, Rep. Ro Khanna (D-Calif.), Sen. Elizabeth Warren (D-Mass.) and economist Justin Wolfers criticized Trump’s economic agenda, arguing that tariffs, tax cuts and spending reductions had increased costs for working Americans while benefiting wealthy households.

Khanna said Trump’s policies added $3,500 in annual expenses for families through higher food, gas and healthcare costs,

Warren argued the "Big Beautiful Bill" shifted wealth toward the richest Americans by cutting safety-net programs.

Wolfers said permanent tax cuts favored the wealthy, while tariffs and inflation pressures disproportionately hurt lower-income households.

US Wealth Gap Widens

A report from The Kobeissi Letter showed U.S. wealth gains over the past five decades had heavily favored the ultra-rich, with the top 0.001% seeing real wealth growth of about 3,500% since 1976, compared with 200% for the average household.

The report noted wealthy Americans benefited from stock, mutual fund and private business ownership, while the bottom 50% faced debt challenges.

Former White House communications director Anthony Scaramucci warned that widening inequality could fuel political and social backlash.

He urged the wealthy to pursue market-based solutions to reduce wealth concentration before government intervention increased.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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