John,
The GOP just pushed their billionaire tax giveaway through the House. It's official: they voted to rob working families to pad the pockets of the ultra-wealthy. Most of its $5.5 trillion in tax cuts will go to the rich, paid for in part with cuts to Medicaid, food assistance and other vital public services—with the rest piled onto the national debt.
This isn’t a tax bill, it’s a heist. Trillions in permanent tax cuts for the rich and corporations, funded by gutting Medicaid, SNAP, education, and other services that working people depend on. House Republicans just told the country that if you’re not rich, you’re not worth it.[1]
We’re talking about $800 million a year in tax breaks to the top 400 richest Americans, $75 billion more to mega-corporations like Apple and Amazon, and $107,000 per year to the top 0.1% through an expanded pass-through loophole.
What do working families get? According to a new analysis by the Penn Wharton Budget Model (Penn Wharton is Donald Trump’s alma mater), households with incomes of $51,000 or less will see their after-tax income decline by roughly $700 starting next year after you factor in cuts to Medicaid and SNAP.[2]
Now the fight moves to the Senate.
Help us fight back now! We need to make sure the Senate knows how toxic this bill is. Rush a donation today to power our campaign against the Billionaire Tax Scam.
The GOP is gambling on apathy, counting on people to tune out while they drain the country’s resources to reward their billionaire backers. But we’ve got news for them: we’re not going anywhere.
We’ve stopped disastrous bills like this before when grassroots outrage forced the Senate to back down. We can do it again, but we need the resources to mobilize fast. Every dollar powers our organizing in key states to stop this bill in its tracks.
Rush a donation now to help us flood the Senate with resistance and keep fighting for tax justice.
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Let’s stop this tax scam.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Ways & Means Mark-Up Trump Tax Law 2.0 Analysis
[2] G.O.P. Tax Bill May Hurt the Lowest Earners and Help the Richest
