Trump and Republicans are doing two things at once that, in any normal world, would qualify as political suicide. First, they’re moving to strip healthcare away from 13.7 million Americans, cut $300 billion from food assistance programs, eliminate clean energy tax credits, and restrict certain student loan subsidies, among other attacks on working class Americans. But second, they’re doing all of this as an offset for tax cuts that’ll overwhelmingly benefit the ultrawealthy. According to the Penn Wharton analysis:
People making between about $17,000 and $51,000 could lose about $700 on average. People reporting less than $17,000 in income would see a reduction closer to $1,000, on average. By contrast, the top 0.1 percent, including those with incomes over $4.3 million, would gain on average more than $389,000 in after-tax income in 2026.
In other words, this budget would result in the biggest transfer of wealth from the poor to the rich in modern American history. Not only will working class Americans be left with less after-tax income, but they’re also losing out on vital lifelines like healthcare and food assistance. Why would you do this to your constituents and fellow citizens?!
Sign Petition
