In response to House Republicans passing their devastating budget, DNC Chair Ken Martin released the following statement: 

“Donald Trump promised to bring costs down on day one — prices are soaring. Donald Trump sold himself as a great businessman — the economy is in a tailspin. Donald Trump said he would put America first — but he’s only putting billionaires first. And this morning, Donald Trump instructed House Republicans to pass a budget that would rip away health care from nearly 14 million Americans and slash a program that more than 40 million working families rely on to put food on the table just to give permanent tax handouts to the top 1 percent.  

“Look, here’s the thing: Donald Trump manufactured an unnecessary economic crisis all on his own. He’s created tough times for millions of people already. Now, he’s taking away the very protections that help families get by during those tough times. This is a devastatingly cruel and immoral one-two punch. 

“I know what Medicaid and SNAP mean for families who are already struggling, because I grew up in one of those families. 

“So, let’s be clear what Trump is doing: He’s hollowing out the working class to satisfy the hunger of his rich and powerful allies. The GOP budget will decimate local communities, blow an economic hole in rural America, and make us into a nation governed by and for a handful of elites. Democrats will do everything we can to kick those who are responsible for this bill out of office. We have Americans at our side. This vote will cost many, many Republicans their seats in the midterms.” 

NEW: At Donald Trump’s command, House Republicans passed their disastrous “billionaire first” 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. 

Olivia Beavers, Wall Street Journal: “Breaking: House passes Trump’s reconciliation bill 

“215-214 with 1 present”

Trump: “It is IMPERATIVE that Republicans in the House pass the Tax Cut Bill, NOW! Our Country Will Boom!!!” 

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.”

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.” 

To pay for another round of tax handouts for their billionaire backers, Republicans are sticking low-income families with the bill…

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.” 

… while gutting Medicaid for millions of Americans and forcing families and children to go hungry by slashing food assistance that helps over 40 million Americans put food on the table. 

The Hill: “Republicans on the House Energy and Commerce Committee on Wednesday afternoon advanced legislation containing cuts to Medicaid and health care provisions — some of the most controversial and contentious provisions that will be included in the ‘big, beautiful bill’ of President Trump’s ambitious legislative agenda.

Center on Budget and Policy Priorities: “CBO’s early estimates show that at least 13.7 million people would lose coverage and become uninsured because of the Medicaid cuts and the ACA marketplace restrictions in this committee legislation, as well as the fact that the budget legislation does not extend expiring marketplace premium tax credit improvements.”

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: “House Agriculture Committee approves $300 billion in nutrition spending cuts”

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.”

This disastrous agenda will cost hardworking Americans their jobs while devastating local economies to the tune of tens of billions of dollars. 

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.” 

Milken Institute of Public Health: “NEW REPORT: Federal Medicaid and SNAP Cuts Could Result in One Million Jobs Lost and State GDPs Falling by More than $110 Billion in 2026” 

“[P]otential budget cuts to Medicaid and the Supplemental Nutrition Assistance Program could trigger severe economic consequences across all 50 states and the District of Columbia. If implemented, these combined cuts could lead to one million jobs lost, a $113 billion decline in states’ gross domestic products, and $8.8 billion in lost state and local tax revenue in 2026 alone.” 

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