Press Releases
House Republicans’ Budget Plan is a Betrayal of the Promise Republicans Made to the American People
Budget Bill Would Cut Critical Programs for Americans Everywhere to Pay for Billionaire Tax Breaks
Punchbowl News: “It would be nearly impossible to achieve the kinds of spending cuts Republicans need to achieve without cutting Medicaid.”
WASHINGTON, DC — While House Republicans attempt to play coy on how they plan to pay for their tax scam, the facts are the facts: this scheme betrays the middle class by cutting Medicaid while giving huge tax breaks to billionaire donors. Their plan will go after federal programs tens of millions of Americans rely on and raise their costs, all to pay for tax cuts for the very wealthy and well-connected. While the bill they are advancing is silent on the details, here are just some offsets on the line, according to proposals:
- Higher Health Care Costs For Most Americans and a Lower Insured Rate: Kaiser estimates that ending ACA premiums will increase costs for the vast majority of Americans, and lead to nearly 4 million Americans losing their health care annually. Both RSC and House Budget Committee plans would ultimately raise premiums by ending tax credits put in place in 2021, hiking premiums by as much as 300% and putting 4 million people in jeopardy of losing coverage of the premium tax credit.
- Cutting Medicaid, immediately causing 3 million Americans to lose their coverage – with more to come: Current proposals to cut Medicaid could lead to nine states with “trigger” laws on the books to automatically eliminate plans if the federal funding fell below 90%, impacting at least three million adults.
- Raising housing costs for working families: Donald Trump’s previous budget proposals sought to cut vital housing assistance by eliminating 10% of funding for the Housing Choice Vouchers, while House legislation omitted bipartisan agreements set during the 2023 federal debt ceiling debates.
- Cuts to SNAP, a program millions of Americans rely on to pay for food, including close to 42 million during the pandemic: The Center on Budget and Policy Priorities (CBPP) warns policy proposals from Republicans, Trump, and the far-right Project 2025 could “cut benefits for all” SNAP beneficiaries and remove millions from the program.
The bill House Republicans are bringing forward tomorrow is a gift to Trump’s billionaire donors paid for by hard-working Americans who are already feeling the heat from high prices in Donald Trump’s America. In this bill, Republicans are saying the quiet part out loud: billionaires, big companies, and special interests not only deserve a tax break, but that it should be paid for by everyday Americans. For far too many Americans, this bill will only increase their everyday costs, from their health care to their groceries. Put simply: the bill is a betrayal of the promise that every Republican made just months ago to lower costs.”
