Trump Accountability Watch: Trump, Republicans Betray Working Americans to Pave the Way for Tax Cuts for Their Wealthy Backers

This week, Donald Trump and Congressional Republicans sold out everyday Americans by supporting a budget with enormous health care cuts which will send families’ costs soaring in order to pay for tax cuts for their ultra wealthy supporters.

House Republicans voted for at least $880 billion in cuts to Medicaid, which would force millions of Americans off of their health coverage. The plan would drive up premiums for marketplace health coverage by as much as 300%. Their budget also called for slashing funding for food assistance for Americans who are most in need.

That’s all to fund tax cuts for Donald Trump and his billionaire friends, paid for by you. To add insult to injury, it comes as “Americans are once again bracing for higher prices” under Trump’s economic agenda, as he continues to march toward tariffs which would drive everyday costs up on everything from groceries to cars to housing.

While Trump and Congressional Republicans put their billionaire backers first, corruption and conflicts of interest in Trump’s cabinet continued to pile up:

Senate Republicans hold hearing for banking lobbyist’s takeover of consumer watchdog CFPB: This week, the Senate moved forward the nomination of financial services industry ally Jonathan McKernan. Despite being tapped to lead the consumer watchdog agency founded in the wake of the Great Recession to crack down on predatory corporate practices that scam everyday Americans, a new Accountable.US analysis of McKernan’s record shows his allegiances are squarely with big banks. His testimony also came amid reports over President Trump, Elon Musk, and other administration officials’ personal financial interests in undermining the CFPB to further enrich themselves at the expense of millions of Americans.
New conflicts of interest for FTC nominee Mark Meador: As the Senate held it’s nomination hearing for Federal Trade Commission nominee Mark Meador, new details came to light about Meador’s role in representing fringe-right social media platform Rumble when it joined X, by filing antitrust claims against boycotting advertisers in August 2024. After Meador filed a barrage of antitrust claims on behalf of Rumble between 2021-2024, as a member of the Federal Trade Commission, he would be positioned to push similarly “absurd” and frivolous lawsuits on behalf of the federal government to advance the interests of conservative companies with ties to the Trump administration under the guise of protecting the public from monopolies. This is yet another major potential conflict of interest for the Trump Administration amid an already lengthy list.
GOP Senate barrels toward confirmation of Linda McMahon to lead the agency Trump wants abolished: Next week, Senators will have to decide whether they stand for access to quality public education for all Americans, or if they’ll side with Trump’s Education Secretary pick, Linda McMahon, the billionaire wrestling entertainment tycoon with “minimal education experience” and an alleged history of sweeping sexual abuse against young boys under the carpet. With McMahon’s nomination, the future of the Department of Education is on the line, as McMahon has made clear she shares the President’s Project 2025 vision to “return education to the states” and was “ready to enact” it.

ACCOUNTABLE.US IN THE NEWS:

The Hill: Musk business entanglements loom over CFPB siege: “Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB). […] The watchdog group, Accountable.US, argued in a report obtained by The Hill that the CFPB’s January rule on the Electronic Fund Transfer Act would have impacted Trump Media’s Truth.Fi and that both Trump and Musk can dodge scrutiny of their payments systems with a CFPB takeover.”
Alaska Native News: Trump Plots Takeover of US Postal Service: The new reporting prompted warnings that Trump, who lied relentlessly about mail-in voting in the run-up to and aftermath of the 2020 election, wants to disrupt ballot deliveries by bringing the USPS under his control. ‘Trump’s reported outrage that the Postal Service was able to successfully deliver Americans’ mail-in ballots in 2020 is exceptionally alarming when considering the same man who helped incite an insurrection based on evidence-free election denialism now wants to be in control of millions of absentee ballots,’ said Tony Carrk, executive director of the watchdog group Accountable.US. ‘President Trump wants to consolidate power further and control access to your mail, all while making his wealthy donors richer in the process,’ Carrk added. “All eyes should be on conservative senators who represent rural communities who will bear the brunt of postal privatization.”
Common Dreams: GOP Plows Ahead With Budget That Would Slash Medicaid, Food Benefits for Millions: “Republicans on the House Rules Committee voted late Monday to advance a budget resolution that, if translated into law, would enact painful cuts to Medicaid and federal nutrition assistance, potentially stripping critical benefits from tens of millions of low-income Americans to help fund trillions of dollars in tax giveaways that would flow primarily to the rich. […] ‘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,’ Tony Carrk, executive director of the watchdog group Accountable.US, said in a statement Monday. ‘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.’”

RECENT RELEASES FROM ACCOUNTABLE.US:

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