In response to House Republicans on the Ways and Means Committee advancing their disastrous budget resolution to give tax handouts to the rich, DNC Chair Ken Martin released the following statement: 

“Donald Trump is pushing a disastrous budget to kick Americans off their health care and let kids go hungry in order to fund another round of tax handouts to billionaires. There is nothing moderate — or moral — about taking food off the table of working families, stripping health care away, and giving billionaires handouts while everyday Americans are struggling. While Trump fights only for his ultra-elite backers, Democrats are standing up for working families and holding Republicans accountable for their ‘billionaire-first’ agenda.”   

House Republicans on the Ways and Means Committee voted to advance their disastrous funding agenda to put their billionaire backers ahead of working families and fund “more [tax] breaks” for the ultra-wealthy. 

Laura Weiss, Punchbowl: “BREAKING: Ways and Means approves Republicans’ tax bill in a 26-19 vote along party lines

“Huge step for GOP’s reconciliation push & effort to extend the 2017 tax cuts. Markup went over 17 hrs overnight, Dems forced dozens of amendment votes

“One big q: SALT still unresolved”  

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.”

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.” 

Republicans and Democrats agree — this disastrous, billionaire-first agenda will cost hardworking Americans their jobs. 

Politico: “The tax-writing House Ways and Means Committee is seeking to repeal key subsidies for electric vehicles and phase out many other clean energy tax incentives from the 2022 Inflation Reduction Act as part of its portion of the GOP megabill, which the committee will begin marking up this afternoon.

“But some Senate Republicans say abruptly cutting off credits and changing key provisions that help fund projects more quickly could stifle investments in energy technologies needed to meet growing power demand, and lead to job losses for manufacturing and electricity projects in their states and districts.” 

REMINDER: Republicans want to gut Medicaid and slash food assistance for millions of Americans — devastating our seniors, children, and rural communities — to pay for another round of tax giveaways for billionaires. 

KFF: “Medicaid … serves about 79 million mostly low-income or disabled Americans.” 

Center for Budget Policies and 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.”

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”