Oppose the House Reconciliation Bill

I urge you to oppose the House reconciliation bill. An analysis from the University of Pennsylvania Penn Wharton Budget Model indicates this bill will have significant negative fiscal impacts. The bill is estimated to increase primary deficits by over $3 trillion over the next decade (2025-2034). This substantial increase is driven primarily by tax provisions that are estimated to reduce revenues (increase deficits) by $4.6 trillion over 10 years. While there are proposed spending cuts totaling about $1.6 trillion, these savings offset less than one-third of the deficit increase from tax cuts and other spending increases. Major spending reductions include changes to Medicaid and Health Insurance Marketplaces (over $900 billion), SNAP (over $290 billion), and student loans ($350 billion). The bill disproportionately harms lower-income households. The average household in the lowest income quintile would lose about $1,035 in 2026, representing a significant percentage loss of income for this group. Lower-income and all future generations are projected to experience lifetime losses due to the reduced social safety net and increased government debt. In contrast, the top 10% of the income distribution receives about 65 percent of the total value of the legislation. Furthermore, the bill would increase debt held by the public by 7.2 percent in 10 years and 12.0 percent in 30 years. I urge you to oppose the House reconciliation bill and prevent this increase in debt driven by tax cuts for the wealthy at the expense of vital programs for those in need.