In response to the latest report from the Joint Economic Committee, DNC Chair Ken Martin released the following statement:

“Donald Trump and his GOP allies are giving their billionaire backers another massive tax handout and forcing hardworking Americans — firefighters, teachers, and police officers — to foot the bill. While Trump lines the pockets of the ultra-wealthy, working families will be worse off. They’ll have less food on the table, less money for rent, and less savings for college or a rainy day. Republicans are making it clear: Their billionaire donors are worth more to them than their constituents.” 

NEW REPORT: The Joint Economic Committee’s latest report warns that Donald Trump’s disastrous economic agenda will cost hardworking Americans hundreds while the top 0.1% will rake in nearly $350,000 in additional income. 

Joint Economic Committee: “Tax and Tariff Impacts by Occupation and Income” 

“Top 1% Income Earner … Estimated Total Benefit in 2026 … $32,450 … 

“Top 0.1% Income Earner … Estimated Total Benefit in 2026 … $348,500 … 

“Assemblers and Fabricators … Estimated Total Cost of Taxes and Tariffs in 2026 … -$580 … 

“Counselors, Social Workers, and Other Community and Social Service Specialists … Estimated Total Cost of Taxes and Tariffs in 2026 … -$460 … 

“Grade School Teachers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$490 … 

“Firefighters … Estimated Total Cost of Taxes and Tariffs in 2026 … -$470 … 

“Food Processing Workers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$540 …

“Home Health Aides and Related Health Workers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$720 … 

“Heavy and Tractor-Trailer Truck Drivers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$470 … 

“Maids and Housekeeping Cleaners … Estimated Total Cost of Taxes and Tariffs in 2026 … -$710 … 

“Police Officers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$250 … 

“Retail Sales Workers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$670 … 

“Sheet Metal Workers … Estimated Total Cost of Taxes and Tariffs in 2026 … -$500” 

At Trump’s command, House Republicans passed their disastrous budget to rip away health care from 16 million Americans and make the largest cuts to food assistance in modern history — all to fund another round of tax breaks for the ultra-wealthy. 

Axios: “The draft legislation would extend the cuts in the 2017 tax bill, and it adds on some more breaks.

“Some will benefit the wealthiest, including a permanent increase to the deduction for pass-through income to 22% from 20%, plus a hike for the estate tax exemption, which would shield more inheritances from taxes.” 

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.” 

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”

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.”