John,

The House of Representatives just moved a $5.5 trillion tax giveaway, mostly for the rich and giant corporations, one step closer to becoming law. And here’s the kicker: they plan to pay for it with brutal cuts to Medicaid, SNAP, education, and more. The House Ways & Means Committee, just yesterday, advanced their toxic tax package, and the full House is expected to vote as soon as next Tuesday.[1]

Let’s be clear about what this is. It’s not a "tax plan." It’s a full-scale robbery of working people to further enrich the billionaire class. The bill would lock in Trump’s 2017 tax cuts, delivering $90,000 in annual tax breaks to households making $1 million a year, while giving the top 400 richest Americans an unbelievable $800 million in tax cuts annually. Meanwhile, everyday families get scraps, or worse, higher costs and fewer services.

It gets even uglier. This bill expands the so-called “pass-through” loophole, giving hundreds of billions more in tax breaks to millionaires and billionaires, including $107,000 annual tax cuts for the top 0.1%. The average working family? Just $40 to $50 a year. That’s hardly enough for a cup of coffee a month!

Corporations like Apple, Amazon, and Tesla would walk away with $75 billion in new tax cuts, while 93% of the weakened Alternative Minimum Tax benefits flow to the richest 10%. The price tag for that giveaway alone? Another $1.4 trillion added to the national debt.

And while they enrich billionaires, Republicans are raiding your healthcare and food assistance to cover part of the cost. Over $1 trillion in cuts to Medicaid and SNAP are on the table. That means fewer families getting the medical care or food they need. And the rest? They’ll slap it on the national credit card and come back later to demand even deeper cuts to Social Security, Medicare, and the services every community relies on.

Tell your Senators and Representative to reject this $5.5 trillion tax giveaway to the rich. Tell them to vote NO on the Billionaire Tax Scam.

This bill is a direct assault on millions of families. It targets children, seniors, people with disabilities, and working people who depend on Medicaid to see a doctor or SNAP to put food on the table. It targets the programs that helped keep our country afloat through a pandemic and ongoing economic hardship. And it does all this to line the pockets of the ultra-wealthy who have rigged the system in their favor for decades.

Worse still, the corporate lobbyists behind this bill are banking on your silence. They’re flooding Congress with false promises of “growth” and “jobs” while hiding the real impact: skyrocketing inequality and rising costs for everyone who’s not rich. They’re counting on no one noticing that they’re gutting Medicaid and SNAP to finance tax breaks for billionaires like Elon Musk, Jeff Bezos, and Donald Trump.

But we can stop them. We’ve stopped massive corporate giveaways before, and we can do it again, but only if lawmakers hear overwhelming public opposition.

Tell Congress to reject this cruel, corrupt, and dangerous tax bill. Tell them to stand with working people, not billionaires.

Let’s rise up, speak out, and show that working people are done paying the price for billionaire tax scams.

David Kass
Executive Director
Americans for Tax Fairness Action Fund