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Congressional Republicans on Education Committee Stand to Financially Benefit by Cutting Education Funding

WASHINGTON, DC – Today, Education and Workforce Committee (EWC) Republicans are laying the groundwork to slash at least $330 billion in funding for education programs that millions of Americans rely on to pay for school at every level to in part pay for tax cuts for billionaires and the ultra-rich.

A new analysis from Accountable.US revealed that the proposed changes and other funding cuts could imperil $7 billion in Head Start funding benefiting 440,000 students in EWC Republicans’ states, $149 billion in Public Service Loan Forgiveness earned by 2 million public workers, and $1.6 billion in Pell Grant support helping 330,000 students in their districts. Those same EWC Republicans also stand to personally financially gain from cutting the budget and extending the Trump tax scam. 

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Congressional Republicans have made it clear that they, their billionaire donors, and giant corporations not only deserve a tax break, but they believe the American people should pay for it. By cutting billions in education funding, millions of their constituents will lose access to loan forgiveness, be unable to pay for pre-school for their children, and no longer have options when it comes to paying for college — all in the selfish pursuit of their own tax cut. These proposed cuts to education make life harder for ordinary Americans and put simply, betray the American dream.”

Accountable.US Executive Director Tony Carrk

Per Accountable.US’ Cash in Congress several EWC 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. Joe Wilson (SC-02) could benefit from extending the pass-through deduction after reporting being a “Member” of AGW LLC and owning seven rental properties, providing him at least $30,000 in potential pass-through rental income per year.
  • Rep. Virginia Foxx (NC-05) could benefit from extending the pass-through deduction after reporting at least $5,000 in potential pass-through rental income per year.
  • Rep. Rick Allen (GA-12) could benefit from extending the pass-through deduction after reporting several business interests providing at least $300,000 in potential pass-through income, as well as three rental properties providing at least $120,000 in additional pass-through income. Meanwhile, Allen could benefit from the extension of the current estate tax threshold, or its complete repeal, after reporting at least $9.6 million in total gross assets.
  • Rep. James Comer (KY-01) could benefit from extending the pass-through deduction after reporting multiple farm properties providing at least $50,000 in potential pass-through rental income per year.
  • Rep. Mary Miller (IL-15) could benefit from extending the pass-through deduction after reporting joint ownership of Miller Bros. Farms, a farm property worth at least $5 million and providing at least $15,000 in potential pass-through rental income annually.
  • Rep. Michael Rulli (OH-06) could benefit from altering or repealing the estate tax after reporting at least $9.8 million in gross assets.
  • Rep. Bob Onder (MO-03) could benefit from extending the pass-through deduction after reporting at least $250,000 in potential pass-through rental and business income, as well as altering or repealing the estate tax after reporting at least $7.4 million in gross assets.
  • Rep. Michael Baumgartner (WA-05) could benefit from extending the pass-through deduction after reporting at least $5,000 in potential pass-through business income.
  • Rep. Mark Messmer (IN-08) could benefit from extending the pass-through deduction after reporting at least $175,000 in potential pass-through business and rental income annually.

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 and further enrich the few. 

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