In response to the latest Congressional Budget Office report, DNC Chair Ken Martin released the following statement:

“Donald Trump wants to give his billionaire donors a kickback with a massive tax cut for the 1 percent and expects working families to foot the more than $2.4 trillion bill. There’s nothing ‘America first’ about kicking 16 million Americans off their health insurance, gutting critical food assistance, and hurting the economy. Trump’s billionaire-first agenda is a slap in the face to working families, who will remember this moment when they cast their ballot in the midterms.” 

NEW REPORT: The Congressional Budget Office’s new report warns that Donald Trump’s “billionaire first” agenda will explode the deficit by trillions while ripping health care away from 16 million Americans. 

ABC: “The ‘One Big Beautiful Bill Act’… will add $2.4 trillion to the deficit over the next decade, according to the nonpartisan Congressional Budget Office.” 

Burgess Everett, Semafor: “CBO finds that the [GOP] reconciliation bill (10.9 million) combined with the expiration of premium tax credits and new marketplace rule (5.1 million) would result in 16 million people fewer being insured”

At Trump’s command, House Republicans passed their disastrous budget to make Trump’s tax scam permanent and fund another round of tax breaks for the ultra-wealthy on the backs of working families. 

USA Today: “Low-income families would lose, wealthier ones would gain under GOP tax proposals” 

“Low-income families stand to lose hundreds if not thousands of dollars in income while wealthy ones will gain even more, according to a new analysis of Congressional Republican tax and budget proposals. … 

“The report estimated that families with a modified adjusted gross income of less than $10,000 would lose over $2,700 (or nearly a 15% reduction in income). Families who make between $10,000 and $20,000 would lose over $800, or about 4.4% reduction in income, while families who make between $20,000 and $30,000 would lose $400, or about 1.5% reduction in income. 

“In comparison, families with higher incomes would benefit from the extension of the 2017 tax cuts.”

NBC News: “Senate Republicans released a new budget blueprint Wednesday that would pave the way for … making President Donald Trump’s 2017 tax cuts permanent.”

Trump’s tax scam will devastate working families  — ripping away health care from millions and making the largest cuts to food assistance in modern history. 

Politico: “The House Energy and Commerce Committee, in a 30-to-24 party-line vote, advanced the health care section of the GOP’s sweeping tax bill that would slash Medicaid spending by hundreds of billions of dollars.” 

Politico: “The House Agriculture Committee voted 29-25 along party lines to advance legislation that would cut as much as $300 billion in food aid spending to pay for Republicans’ domestic policy megabill.” 

West Virginia Watch: “Medicaid cuts could hurt older adults who rely on home care, nursing homes” 

ProPublica: “The Trump Administration Cracked Down on Medicaid. Kids Lost Insurance.”

Georgetown University Center for Children and Families: “Cuts to Medicaid Will Shift Costs to Families, Providers and Will Be Especially Harmful to Rural Communities”

Politico: “The GOP proposal would create the largest overhaul in decades to the Supplemental Nutrition Assistance Program, which helps more than 42 million people in the U.S. pay for food, by forcing states to share the cost of SNAP benefits.”

Center on Budget and Policy Priorities: “Millions of Low-Income Households Would Lose Food Aid Under Proposed House Republican SNAP Cuts”

“Regardless of how Republican lawmakers enact a cut of this magnitude, this would slash more than 20 percent from a program that helps more than 40 million people, including 1 in 5 children, afford groceries.”

NBC News: “Anti-hunger advocates slam House Republicans’ proposed budget cut to SNAP as ‘unconscionable’”

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