By Mike Killalea, NSD president
Republicans in Congress are trying to pass a law that will give massive tax breaks to their billionaire donors and big corporations, while forcing everyone else to pay the price.
You can see the anticipated impact in your area here.
The Greedy-OP’s budget proposal includes two main pieces:
· Trillions of dollars in tax cuts that mostly benefit the wealthy and corporations
· Large cuts to health care coverage and benefits, nutritional assistance, education support, and more
Simply put, the budget proposal would take money out of the pockets of workers and families by raising their taxes, and increasing their health care, grocery, education, housing, and energy costs, all to pay for lower taxes for the rich.
It is a never-ending giveaway to the uber wealthy. The average tax cut for someone in the top 0.1% could be more than $280,000 a year. And most large corporations would continue to pay extremely low taxes, with many paying almost nothing.
The right wing gives generously to its donor class – for regular people, not so much.
To pay for the rich guys’ tax breaks, Republicans are forcing the rest of us to pay more:
· Health care costs will soar for millions of Americans, with hundreds of billions of dollars cut from Medicaid, while taxes are raised on those who receive coverage through the Affordable Care Act (assuming the ACA survives). Expect skyrocketing insurance premiums for millions, millions of canceled policies, and the shuttering of rural hospitals that rely on Medicaid funding
· Food costs will go up for millions of families. The budget will force cuts to SNAP. Millions of Americans rely on SNAP – including 1.2 million veterans, 4.8 million seniors, and 14.6 million children. More than 12 million children could lose school lunches and breakfasts.
· Education costs will skyrocket. Hundreds of billions in education benefits and services will be cut, putting funding for schools and childcare centers at risk. College will become even more unaffordable, with student loan costs increasing for millions of borrowers, and potential cuts to key scholarship and grant programs like Pell Grants impacting low-income students. Republicans also plan to use cuts from public education and Head Start, which over 750,000 children rely on, to fund larger tax breaks for the rich.
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