- United States
- Calif.
- Letter
The House Republicans’ budget plan would give major tax cuts to high-income, wealthy households. Extending the expiring individual income and estate tax provisions for households with incomes in the top 5 percent of the income distribution (households with incomes over $321,000) costs around $1.8 trillion through 2034, accounting for 49 percent of the total $3.6 trillion cost of extension through 2034. That $1.8 trillion for wealthy and high-income households is close to the amount of the spending cuts House Republicans have outlined — including at least $880 billion primarily from Medicaid, $230 billion primarily from SNAP benefits, and $330 billion primarily from making student loans more expensive. Of the tax cuts for wealthy households, nearly $200 billion is for an estate tax giveaway that showers some $6 million per estate on the 1 in 1,000 wealthiest estates. In contrast, the average SNAP benefit is $6.20 per person per day, which helps struggling families put food on the table.
House Republicans could cut even more economic security programs for families with low incomes in addition to giving tax cuts to the wealthy. I am tired of being considered a slave to the economy. Thanks to the emergency medical treatment, active labor act, hospitals cannot turn people away when they’re having an emergency. This is a recipe for bankruptcy! It’s clear that that’s the point! Republicans consider hospitals the enemy.