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The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact: Chris Fleming,Email:,chris@redhorsestrategies.com

House GOP Clears the Way for Massive Cuts in Critical Programs to Fund Billionaire Tax Cuts

Today, House Republicans voted for a budget blueprint that will make massive cuts to Medicaid, child nutrition programs, and other essential programs to fund trillions of dollars in tax cuts to billionaires. Despite Senate Republicans’ use of obscure accounting maneuvers to hide the true costs, a new estimate from the Joint Committee on Taxation shows that extending the 2017 Trump tax law would cost $5.5 trillion with interest over the next decade—or $4.6 trillion without interest.

“The country is rapidly undergoing an intensifying economic crisis created by Trump and Congressional Republicans, and the only legislative solution they’ve put forward is to double down on tax cuts for billionaires while eliminating health care access and food assistance for millions of Americans,” said David Kass, ATF Executive Director. “While Congressional Republicans have so far ignored the demands of their constituents—this fight is far from over. Americans will not stand by as price-gouging corporations raise their costs while billionaires amass even greater wealth. We call on Republican members of Congress to listen to their constituents: no cuts to Medicaid and SNAP, and finally raise taxes on the rich to make billionaires and big corporations pay their fair share.”

Americans for Tax Fairness (ATF) is a diverse campaign of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.

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