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12 Republican members of E&C could personally benefit from tax cuts paid for by gutting healthcare for their constituents 

WASHINGTON, DC – Yesterday, House Energy and Commerce Committee Republicans approved billions of dollars in Medicaid funding cuts, threatening the healthcare of 13.7 million Americans in order to fund tax cuts that could benefit themselves and their billionaire donors. Within that 13.7 million, a new report from Accountable.US revealed today, that Energy and Commerce Republicans are risking Medicaid coverage for 5 million of their own constituents while 12 members of the committee stand to benefit from extending or expanding provisions of the Trump tax scam. 

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Energy and Commerce Republicans are voting along party lines for a scam that would strip health coverage from over 13 million Americans, all while handing massive tax breaks to themselves and their wealthiest donors. Denying people health coverage isn’t fiscal responsibility, it’s life-changing cruelty.”

Accountable.US Executive Director Tony Carrk

Per Accountable.US’ Cash in Congress 12 Energy and Commerce Republicans could personally benefit from the extension of the pass-through deduction or repeal of the estate tax after reporting tens of thousands in potential pass-through income or assets exceeding the new estate tax threshold, including: 

  • Rep. Cliff Bentz (OR-02) could benefit from extending the pass-through deduction after reporting $77,500 or more in potential pass-through rental income annually. Bentz’s spouse also owns $102,000 or more in stock in Amgen, Pfizer and Medtronic, three companies that have faced billions in fines and penalties for defrauding Medicare and Medicaid.
  • Rep. Diana Harshbarger (TN-01) could benefit from extending the pass-through deduction and repealing the estate tax after reporting owning two properties generating over $1 million in potential pass-through rental income, as well as gross assets in excess of $7 million.
  • Rep. Dan Crenshaw (TX-02) could benefit from extending the pass-through deduction after reporting $50,000 or more in potential pass-through rental income.
  • Rep. Craig Goldman (TX-12) could benefit from extending the pass-through deduction after reporting owning assets generating $165,000 or more in potential pass-through income.

Today’s findings are the latest in Accountable.US’ Cash in Congress project, which will continue to shed light on how congressional Republicans’ tax cuts will hurt everyday Americans by gutting programs like SNAP, Medicaid, and Head Start while enriching the wealthy few. 

 

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