March 12, 2026 American politics have been corrupted by billionaires, Senator Tim Sheehy’s campaign in Montana benefitted from donations from more than 63 billionaires, Elon Musk is donating millions to Republicans, Trump promised billionaires that he would favor their interests if they donated $1 billion to his re-election campaign, Trump gave his wealthy supporters the One Big Beautiful Bill Act that extended the 2017 tax cuts, cut regulation, and slashed the social safety net, The US has borrowed $1 trillion over the last five months, as Trump tax cuts slash revenue, In the 1860s, Republicans invented the income tax, Americans welcomed the taxes. Watch today's recording here: https://www.youtube.com/live/g9TUa1Rwd6U?si=T8_KKcHQZElhpnZ- Get full, free access to Letters from an American here: https://heathercoxrichardson.substack.com/subscribe You can also find me: Bluesky: https://bsky.app/profile/hcrichardson.bsky.social Instagram: https://www.instagram.com/heathercoxrichardson/?hl=en Facebook: https://www.facebook.com/heathercoxrichardson/ YouTube: https://www.youtube.com/@heathercoxrichardson Get full access to Letters from an American at heathercoxrichardson.substack.com/subscribe